Tasmania Announces $500 Million Investment in Housing Industry

Strategic Insights -

As the state government prepares for its 2025-26 budget, Housing, Planning, and Consumer Affairs Minister Felix Ellis has emphasized the importance of addressing the housing crisis in Tasmania. Ellis, alongside Montgomery Liberal candidate Stephen Parry, has announced a $500 million investment in the housing industry and construction sector. The investment aims to deliver an additional half a billion dollars to build intergenerational housing infrastructure and address the shortage of homes in the state.

Key Takeaways:

  • The Tasmanian government will invest $500 million in the housing industry and construction sector as part of its 2025-26 budget.
  • The investment will focus on building intergenerational housing infrastructure and addressing the shortage of homes in the state.
  • The government aims to deliver 10,000 social and affordable homes by 2032, with 4000 homes already built.
  • The investment will also support the state's "most vulnerable" by backing an existing investment of about $45 million each year into crisis and emergency accommodation.
  • The Master Builders president, Vonette Mead, has acknowledged the industry's potential to boost the economy and employs over 25,000 people in Tasmania.
  • The government will continue to "stamp out" stamp duty for first home buyers and expand the MyHome scheme.

Statistics:

  • $500 million: The amount invested in the housing industry and construction sector as part of the 2025-26 budget.
  • 10,000: The number of social and affordable homes the government aims to deliver by 2032.
  • 4000: The number of homes already built as part of the social and affordable homes initiative.
  • $45 million: The amount invested each year into crisis and emergency accommodation.
  • 25,000: The number of people employed in the building and construction industry in Tasmania.

Sources:

  • Emily Williams, "’We know that Tasmanians need more houses,’” The Advocate ( dated reference not provided )
  • State Government of Tasmania, (no specific reference, budget announcement not cited)
  • Master Builders Tasmania, (no specific reference, Vonette Mead quote not cited)