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“HIA has been a strong advocate of the need for government to enter into public-private partnerships to increase social and affordable housing construction.
“With the current downturn in new home building, there is a real opportunity for the private sector to step in to support community housing providers and help government to achieve its targets.
“Tasmanian Labor’s proposal to purchase ‘off the plan’ apartments and medium-density dwellings for use as social housing is sensible. Housing diversity is essential in increasing housing supply.
“However, an incoming government must ensure that the planning scheme supports this kind of development through identification of suitable infill areas and the provision of a Medium Density Code that streamlines the planning and building process.
“The further announcement by Tasmanian Labor on the availability of land grants for Build-to-Rent developments that include social housing or affordable rentals is also welcomed.
“This is subject to any government support or incentives aimed at increasing the supply of build to rent housing being limited to below market rate rental arrangements whether owned by government, private or not for profit providers” commented Mr Collins.
P: 03 6230 4604
M: 0418 507 377
E: s.collins@hia.com.au
Australia’s residential building industry has entered the new year with confidence still on shaky ground for small businesses as rising costs and policy uncertainty continue to cloud the outlook.
Tasmania’s housing market slowed in November, with building approvals falling sharply compared to October. Approvals for new homes dropped almost 20 per cent, and even after seasonal adjustment, the decline was 5.8 per cent.
Australia’s home building industry is expected to strengthen through 2026, supported by gradually improving building approvals and a recovery in demand, but the pace of growth will ultimately depend on how quickly interest rates can fall further, according to the Housing Industry Association.
The Housing Industry Association (HIA) has today expressed concern that the Tasmanian Government appears to have walked away from a key election commitment to accelerate the finalisation of Regional Land Use Strategies.