The latest housing finance statistics, released by the ABS today, are further evidence that Tasmania’s economy is continuing in the right direction under a majority Hodgman Liberal Government.
Tasmania has bucked the national trend with growth in August in both the number of housing finance commitments and also their value.
More and more Tasmanians are demonstrating their confidence in our economy by investing in the housing market, as the increase in housing loans shows.
This is good news for the real estate industry and for business generally.
In fact, Tasmania was the only state or territory to record growth in the number of housing finance commitments for August compared to the previous month.
In trend terms, housing finance commitments were up one per cent in August compared to the previous month, and more than 10 per cent compared with the same time last year.
The nominal value of housing loans, meanwhile, rose by 1.7 per cent on the previous month, and by almost 18 per cent on last year.
There is still much to do, but these figures show that Tasmanians are growing in confidence and investing in their community.