Michael Ferguson,Minister for State Development, Construction and Housing
The Tasmanian Liberal Government is delivering real action to secure Tasmania's future and I'm very pleased to confirm that the Affordable Housing and Youth Employment Support Bill 2022 has passed both houses of Parliament.
The Bill means we can increase the conveyance threshold for the First Home Buyer and Pensioner duty concession from $500,000 to $600,000; and continue the First Home Owner Grant at $30,000 for an additional 12 months to 30 June 2023. In addition, the Government will also extend the payroll tax rebate for apprentices, trainees and youth employees, and allow the Commissioner of State Revenue to extend the completion date requirements of the Tasmanian HomeBuilder grant.
We recognise that there are challenges in our housing market. That is why we are continuing to provide targeted action to support home ownership.
The Government's continued focus on the construction of new homes will also contribute to the supply of new housing and support employment in the Tasmanian building and construction sector.
Both the Australian Government and Tasmanian HomeBuilder grants have been a great success in boosting the Tasmanian building and construction sector, supporting local jobs and the Tasmanian economy.
