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{{propApi.successMessage}} {{region}} Change locationHelp to Buy on the way for Tasmanians
Help to Buy on the way for Tasmanians
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HIA Tasmania Executive Director Benjamin Price said the decision comes after months of advocacy from HIA, which has repeatedly called for Tasmania to participate in the national scheme.
“This is a positive decision for Tasmanian home buyers and one HIA has been calling for,” Mr Price said.
“Joining Help to Buy is a sensible move that HIA has been calling for, and it gives more Tasmanians a real pathway into home ownership.
“Shared equity programs like Help to Buy can make a real difference for first home buyers who have the capacity to service a mortgage but struggle to overcome the initial deposit hurdle.”
The announcement comes as the Tasmanian Government confirmed that more than 1,000 households have already accessed its MyHome Shared Equity Program, and that Tasmania will now join the Federal Help to Buy Scheme to expand access to home ownership.
Mr Price said the combination of state and federal shared equity programs would be most effective if they were clearly aligned with the delivery of new housing supply.
“For industry, the key is that programs like Help to Buy are well targeted and support the construction of new homes,” he said.
“When demand side measures are paired with policies that unlock land, improve planning approvals and support construction capacity, they can help grow housing supply rather than simply adding pressure to the existing market.”
HIA has previously warned that Tasmania’s absence from Help to Buy risked leaving aspiring homeowners behind other states and territories that had already opted in.
“Today’s decision closes that gap and ensures Tasmanian buyers have access to the same support available elsewhere in the country.
“Additional choice, including with a range of lenders, will give Tasmanians more opportunity to build their first home,” Mr Price said.
“These are real Tasmanians getting into real homes, and that matters.”
“But the broader challenge remains housing supply. Demand side support must go hand in hand with reforms that make it easier and faster to build homes across Tasmania.”
Mr Price said HIA looked forward to working with both the Tasmanian and Federal Governments to ensure Help to Buy supports new construction, small builders, and long term housing affordability.
“This is a welcome step,” he said.
“The opportunity now is to make sure these programs translate into more homes being built, more jobs in construction, and more Tasmanians achieving the goal of home ownership.”
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