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{{propApi.successMessage}} {{region}} Change locationHIA: First home grants supporting new builds and local jobs
HIA: First home grants supporting new builds and local jobs
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HIA Tasmania Executive Director Benjamin Price said measures that supported first home buyers to build new homes were critical to addressing Tasmania’s housing challenges.
“Supply is the solution to Tasmania’s housing challenges,” Mr Price said.
“Measures like the First Home Owner Grant have been shown to increase new housing supply, while also helping Tasmanians get ahead and into a home of their own.”
Mr Price said the uptake of the $30,000 grant was a positive sign for aspiring home owners and the residential construction sector.
“Helping first home buyers build a new home is one of the most effective ways to support home ownership while also strengthening Tasmania’s residential construction pipeline,” he said.
“For many young Tasmanians, first home buyers face real hurdles. Tighter lending rules, higher deposits and rapidly rising land prices are all making it harder to get a foot in the door. Targeted support like the First Home Owner Grant can be a life changing difference for so many Tasmanians.”
Mr Price said directing assistance toward new home construction delivered broader economic benefits.
“When a first home buyer builds, it supports local builders, tradies, suppliers and apprentices, and it adds to Tasmania’s long term housing stock,” he said.
“That’s good for jobs, good for the economy and good for housing availability.”
Mr Price said combining first home buyer assistance with practical planning and land supply reform was key to improving affordability over the long term.
“This approach supports first home buyers and delivers the new homes Tasmania needs.
“The next step is making sure there are enough serviced lots and viable development opportunities so more Tasmanians can turn that support into a home of their own.”
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HIA: First home grants supporting new builds and local jobs
Standing on a construction site with work well underway, the Housing Industry Association (HIA) Tasmania today joined Treasurer Eric Abetz MP in welcoming the impact of the Tasmanian Government’s First Home Owner Grant, recently tripled to $30,000, which is already helping more Tasmanians build their first home.
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