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In the three months to September 2025, 722 building approvals were recorded across the state (in original terms) – a 12.8 per cent increase compared to the same quarter a year earlier. This marks the strongest quarterly result since late 2023 and reflects renewed confidence in Tasmania’s housing market.
Executive Director Benjamin Price said the figures are a welcome boost for the industry and the broader economy.
“This increase in approvals is a clear indicator that Tasmania’s housing sector is gaining momentum,” Mr Price said.
“More approvals is a promising sign for more homes for Tasmanians, more jobs for local trades, and greater investment in skills and training.”
The growth in approvals comes as the Government has committed to triple the First Home Owner Grant, which will help more Tasmanians achieve the dream of home ownership.
“The best way to tackle housing affordability is to increase supply,” Mr Price said.
“Every new approval means more homes for Tasmanians and more opportunities for people to enter the market.”
“This growth in approvals shows confidence in the sector and is a critical step toward easing pressure on housing in Tasmania,” Mr Price said.
“We need to keep building – because supply is the solution.”
The Bureau of Meteorology has officially forecast Tropical Cyclone Fina to reach Category 3 intensity. There is a Cyclone warning currently in place for Top End coastal communities, including Darwin. Strong gale winds and rain are expected, as well as storm surge or tides.
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“The volume of new homes sold in Australia fell by 9.0 per cent in the month of October 2025 but remains at a three-year high,” stated HIA Chief Economist, Tim Reardon.
Opening statement by Simon Croft, Chief Executive Industry & Policy