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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:
“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.
A beautifully executed renovation and two-storey extension of a 1900s period home in Wangaratta has been named HIA Northern Victoria Home of the Year at the 2025 HIA Northern Victoria Regional Housing Awards, held in Yarrawonga on Friday night.
“The expansion of the Home Guarantee Scheme announced by the Minister for Housing, Clare O’Neil MP, to take effect from 1 October 2025, will reduce the time to save a deposit by up to four years,” stated HIA Senior Economist Tom Devitt.
“Harnessing artificial intelligence to drive a once in a generation overhaul of planning systems across the country could be the circuit breaker Australia needs to deliver 1.2 million homes over next 5 years” said Sam Heckel HIA Executive Director, Planning & Environment.
The Housing Industry Association (HIA) is pleased to announce Structerre Consulting as the headline partner of the 2025 HIA Western Australian Housing and Kitchen and Bathroom Awards.