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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:
HIA urges action to back Australian building product manufacturers
HIA is calling on the Federal Government to act urgently to support Australia’s building product manufacturers and suppliers, an industry worth more than $130 billion and critical to the delivery of new housing across the country,” HIA Managing Director, Jocelyn Martin said today.
Amendment NCC 2022 published to align with the Premises Standards
With the delay to decisions on the content of NCC 2025, the ABCB has published a further amendment to the current NCC 2022 which applies from 29 July 2025. The purpose of this minor amendment is to align the NCC with recent changes to the Premises Standards which apply to Class 3 to 9 public buildings, common areas of Class 2 apartment buildings and short-term accommodation
Industry leaders call for free access to Standards to help alleviate costs for small business
“HIA alongside a group of construction leaders and Standards Australia came together today at Parliament House, to present a united front in getting easier access to Australian Standards in the hands of those who need them most,” said HIA Managing Director, Jocelyn Martin.
HIA calls for a comprehensive red tape reduction agenda
HIA has made a comprehensive suite of submissions to the Productivity Commission ahead of the upcoming Treasurer’s Economic Reform Roundtable on 19-21 August.