$20,000 first home owner grant welcomed by industry
The Tasmanian Government has set the First Home Owner Grant for new homes at $20,000. The HIA has welcomed the move, saying it provides meaningful support to first home buyers.
$20,000 First Home Owner Grant for new homes set by Tasmanian Government
What is Tasmania's new first home owner grant for new homes?
A higher first home grant in Tasmania could lift demand for new residential builds, benefiting local tradies.
Key takeaways
- Tasmania has set the First Home Owner Grant for new homes at $20,000.
- The Housing Industry Association has welcomed the commitment from the Tasmanian Government.
- HIA says the measure will provide meaningful support to first home buyers.
- The grant applies specifically to new homes in Tasmania.
Related
Inquiry into the financial and operational performance of TasWater
HIA's Tasmanian Executive Director Benjamin Price addressed the Public Accounts Committee regarding TasWater's financial and operational performance. The statement covers issues relevant to the water utility's impact on the building and construction industry in Tasmania.
Why it matters: Builders and plumbers in Tasmania may be affected by TasWater's performance, including connection delays, infrastructure capacity, and cost impacts on new developments.
Tasmania's largest builders lift output 44 per cent
Tasmania's largest builders increased home output by 44 per cent last year, marking a significant shift in construction activity in the state.
Why it matters: Builders and subcontractors in Tasmania may see increased demand for work across trades including plumbing, electrical, and carpentry.
Stop the dividends: Councils broke Tasmania's water system
TasWater has paid $120 million in dividends to Tasmanian councils while charging homebuyers fees on undeveloped blocks. Critics argue this financial structure is breaking the state's water system.
Why it matters: Plumbers and builders in Tasmania face project delays and cost blowouts tied to TasWater's strained infrastructure. New housing developments may be harder to connect and more expensive to service.