The Hodgman Liberal Government welcomes today’s housing figures from the Real Estate Institute of Tasmania, with house sales up almost 8 per cent in June compared to 12 months ago.
Overall, Tasmania saw a 1.7 per cent increase on last quarter with almost $700 million in property sales. Importantly, this is the 3rd quarter in a row of positive growth.
The key mover over the previous 3 months was the number of house sales on the North West, up a massive 26.5 per cent for the last quarter and 24.4 per cent higher than a year ago, while the number of houses sold in Launceston was up 4.2 per cent since last year.
While today’s figures are welcome, we know we need to do more to grow the economy and create jobs. That’s why we are supporting the housing sector through investing in infrastructure to grow the economy, fixing the planning system and introducing a headworks holiday that has slashed the cost of investing.
There is still a way to go, but we are now seeing the highest business confidence in the nation, record retail sales and a booming construction sector. It’s critically important now that we consolidate the gains of the past 12 months, and build on the growing momentum.