ABS data released today has confirmed Tasmania is the strongest state in the nation for the annual growth of dwelling approvals.
The 2018-19 financial year saw 3,121 dwellings approved, which is the strongest growth of any state and 9.5 per cent higher than approvals for 2017-18.
These strong figures mean Tasmania is one of only two jurisdictions to see positive growth over the financial year, demonstrating the strength and confidence in our building and construction sector.
Tasmania was also the only jurisdiction to record growth in the value of building jobs for 2018/19, with more than $1.7 billion approved across the year - over 11 per cent higher than the previous year.
This data release follows the recently published HIA Housing Scorecard that confirmed Tasmania has seen the biggest improvement in the nation in terms of building conditions, and now sits second to Victoria in favourable residential building conditions.
The Scorecard and today’s building approvals data both demonstrate that the Government’s policies encouraging more Tasmanians to build a home are working.
We will continue to put in place the right conditions to support the sector and ensure these great outcomes continue well into the future.