State facing economic headwinds

Tasmanian Labor

ABS data shows building approvals are at their lowest level since 2013.

This flies in the face of the Premier's claim in his state of the state address that building approvals remain at elevated levels.

Dwelling investment in Tasmania is down 11 percent in the past 12 months.

The government has been reliant on stamp duty revenue from housing.

The housing boom appears to be over and the state government now has fewer levers to pull with the Budget in record deficit and debt.

For nearly a decade, the Liberals have been promising to make planning "faster, cheaper, fair and simpler" and implement a single statewide planning scheme

The fact there are now more than 15,000 residential blocks sitting vacant-in the middle of a housing crisis-shows just how seriously they've failed to deliver.

The numbers come on the back of recent ABS data showing Tasmania's economy is the worst-performing in the country.

ABS State Final Demand figures show Tasmania has by far the weakest annual growth in the nation, at 1.1 per cent, one third of the 3.3 per cent national average.

After nearly a decade in office, this tired Liberal Government has lost its way and dropped the ball on the economy.

In contrast, this week Rebecca White outlined 10 positive commitments to build the future all Tasmanians deserve, including working with councils to deliver real planning reform to get more houses approved and built sooner.

Shane Broad MP

Shadow Treasurer

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