TasNetworks, TasWater and the Tasmanian Government must commit to further reform in order to fix the key issues which continue to hold back Tasmania’s housing supply, according to the state’s leading property industry body.
Tasmania is well in the game and up on the Scorecard as far as growth in housing and its economy are concerned, HIA Executive Director – Tasmania, Rick Sassin said.
A new development with apartments and a hotel on the former riverside World Trade Centre site will also offer 20 affordable homes offered at 50 per cent below market rents in perpetuity.
“The trend of a cooling housing market that has been evident throughout 2018 continued in July 2018 with a 5.2 per cent decline in building approvals,” stated Tim Reardon, HIA’s Principal Economist.
The Property Council has welcomed the Government’s continuing focus on the infrastructure needs of our cities through the appointment of a dedicated Minister to deal with cities, urban infrastructure and population matters.
First homebuyers have rushed back into the property market thanks to the NSW Government’s generous stamp duty concessions, with more than triple the number of people taking advantage of the savings since they were expanded in 2017.
Parramatta has enjoyed some exceptional changes and capital growth and, despite recent downturns in the Sydney property market, the medium to long-term outlook is optimistic for houses in the area.
One of the last developable sites in Fitzroy’s exclusive Gore Street will soon host an exclusive collection of designer residences, representing the height of inner-Melbourne lifestyle.
“The First Home Buyer share of owner occupier housing loans increased again during June 2018 and is now at its highest since late 2012,” stated HIA Senior Economist, Shane Garrett.