Tasmanian building approvals for dwelling units for October 2017 increased by 4.3 per cent from September, according to the Australian Bureau of Statistics.
Dwelling approvals for October were also up 47.3 per cent from the same time in 2016.
Building and Construction Minister Guy Barnett credited the approvals to the government’s housing incentive package.
“We have reduced the stamp duty on eligible house and land packages for new home builders, and made it easier for Tasmanians to build their first home by extending the First Home Builders Grant of $20,000,” Mr Barnett said.
We have reduced the stamp duty on eligible house and land packages for new home builders.Construction Minister Guy Barnett.
He said businesses like Island Block and Paving had felt the benefits.
“With a high demand for their product, Island Block and Paving have recently expanded with a new facility in Hobart, and additional staff have been hired over the last 12 months.”