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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.
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Detached house approvals picking up
“There were 9,490 detached homes approved in the month of April 2025, up by 3.3 per cent compared to the previous month,” stated HIA Senior Economist Maurice Tapang.
State Budget is a missed opportunity to stimulate housing
The Treasurer has handed down the 2025/26 Tasmanian Budget. The Budget focuses on alleviating cost of living pressures, health, education and infrastructure, while mapping out a path to a fiscal balance surplus in 2032/2033.
HIA supports bipartisan approach to planning reform NSW
“The NSW planning system has failed to deliver the number of homes we desperately need and we fully support removing the politics from housing, to address this growing crisis,” said Brad Armitage, HIA Executive Director NSW.
Opposition pledge to remove stamp duty for first home buyers welcomed (Vic)
The Victorian Opposition’s announcement that it would remove stamp duty for first-home buyers spending up to $1 million on a new or existing home if elected at next year’s state election, is a positive step towards improving home affordability,” says Steven Wojtkiw, HIA Victoria Deputy Executive Director.