Michael Ferguson,Minister for State Growth
The Tasmanian Liberal Government recognises the important role the building and construction sector is playing as we secure Tasmania’s future.
We have a strong and proud record of achievement – our economy is one of the strongest in the nation, we have the lowest unemployment rate of any state, and our job numbers are at pre-pandemic levels.
But there is always more to do, which is why we have a number of building and construction initiatives in place to further stimulate the economy and support jobs.
With about 5,000 hectares of privately-owned vacant residential zoned land across Tasmania, which could deliver around 60,000 lots for residential development, we are taking immediate action to remove barriers and costs to encourage further land activation.
Our $10 million Headworks Holiday will bring forward land for residential development, creating jobs in the civil and building construction sectors and increasing housing supply.
The initiative includes up to $5,000 per residential lot for power, and up to $5,000 per residential lot for water and sewerage infrastructure.
This support is on top of our $30 million Building Construction Support Loan Scheme, which will bring forward paused commercial construction projects that will support even more jobs and create new or improved infrastructure.
This new scheme builds on our $10 million Building Projects Support Program, announced in the 2020-21 State Budget, to support stalled shovel-ready projects. The Program will bring forward community or commercial projects to help stimulate the construction sector and support jobs.
Our plan is working and has been warmly welcomed by industry and stakeholders, including the Master Builders Tasmania, the Property Council and Housing Industry Association.
It is smart investments like these that will secure Tasmania’s future and ensure we come out of the pandemic stronger than ever.