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{{propApi.successMessage}} {{region}} Change locationStamp duty election promise a win for industry and first homebuyers
Stamp duty election promise a win for industry and first homebuyers
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“This has already focused the Liberal government who have promised to provide a full (100 per cent) stamp duty concession for first homebuyers if re-elected, at a press conference attended by HIA. The concession is currently set at 50 per cent.
“HIA welcomes this move, and this announcement will help many Tasmanians to realise their dream of owning their first home.
“Stamp duty can tip the scales and prevent first home buyers from entering the home building market, while over the life a loan it adds considerable cost when accounting for interest,” said Mr Collins.
"The concession will be funded through a levy on short term accommodation passed on to mostly interstate visitors accessing this accommodation.
“While HIA is not generally supportive of imposts on property owners in the form of taxes and levies, we understand that these concessions need to be funded.
“First homebuyers are a critical segment and will eventually become our future ‘trade ups’ adding to housing supply, creating jobs and bolstering the economy. The more Tasmanians we get into their first homes the less that end up on social housing or rental lists.
“This is a good start, but much more needs to be done to improve housing supply and affordability.”
HIA has also called on an incoming government to implement measures that:
- support genuine planning reform;
- reduce government levies and taxes on land and new homes;
- increase land supply and offer infill opportunities;
- stimulate home building;
- attract new workers and train our skilled workforce;
- provide certainty and consistency on regulatory changes;
- boost transport and infrastructure expenditure;
- remove red tape.
“HIA will meet with all political parties prior to the 23 March election to ensure housing is a key priority.
“We will also be calling on all parties to match this stamp duty announcement for first homebuyers,” concluded Mr Collins.
For more information please contact:
First Home Owners can once again dream big of building a home in Tasmania
With the Tasmanian Liberals announcing today that if re-elected they will reinstate the grant for eligible Tasmanians building their first home to $30,000, there is renewed cause for optimism.
HIA welcomes NSW Budget efforts to support home building
“The NSW Government has announced that it will act as guarantor on up to 50 per cent of approved housing projects to bring forward the commencement of new construction,” stated HIA Executive Director NSW Brad Armitage.
Industry welcomes focus on housing in tomorrow's ACT budget
The Housing Industry Association (HIA) has welcomed the focus on housing in the 2025/26 ACT budget to be handed down tomorrow, according to HIA Executive Director for ACT & Southern NSW, Greg Weller.
Skills funding will help to get more keys in doors (NSW)
"Today's announcement of skills funding in the upcoming budget is welcomed by the housing industry," said Brad Armitage, HIA NSW Executive Director.