First home owners boost puts more in the pockets of Tasmanians

The Property Council welcomes today’s major announcement by the Tasmanian Liberal Party to boost the First Home Owners Grant from $20,000 to $30,000 until 30 June 2022 if re-elected. 

Tasmanian Executive Director Rebecca Ellston applauded the policy and said increasing the grant to $30,000 will deliver a boost to the construction industry, and supercharge the capacity of younger Tasmanians trying to break into the housing market.  

“We know that younger Tasmanians in particular are facing big challenges in entering the housing market with the median dwelling value in Tasmania rising 12.5 per cent over the past 12 months alone. An increase to the First Home Owners Grant will go a long way in helping first home owners secure a home.”

“It is absolutely vital that we increase our housing stock and this policy will give more Tasmanians the incentive they need to build or buy their dream home.”

The Property Council released its election platform this week, outlining reform and policy proposals designed to boost the property sector and keep Tasmanians in jobs. The $10,000 increase was a clear proposal in the Property Council’s platform. 

Ms Ellston said, “The Property Council remains ready and willing to help the incoming government build back better and stronger with a strategic vision for Tasmania’s growth.” 

“We look forward to seeing other parties and candidates come to the table with similar commitments to increase opportunities for Tasmanians and boost the Tasmanian property industry.”