As new figures from Tasmania’s peak real estate body show housing transactions are higher than they have been in more than a decade, Labor is ramping up its calls for the government to quickly address supply issues.
Amid what Labor has called a housing “crisis”, the Real Estate Institute of Tasmania’s latest quarterly report outlined the continuing strength of the market.
The state recorded the highest number of property transactions in 14 years.
Local buyers accounted for 76 per cent of the transactions, while overseas buyers accounted for 24 per cent.
Median house prices have increased across all regions of the state over the past year, with Hobart up 17.7 per cent (now at $506,000), Launceston up 16.1 per cent ($339,000) and North-West centres up 11.6 per cent ($278,000).
“The strength of our real estate market is a reflection of the strong economic conditions which have created confidence, jobs and positive population growth,” REIT president Tony Collidge said.
Meanwhile, Housing Minister Roger Jaensch detailed the government’s quarterly housing report for the June quarter on Friday.
The report showed that:
- 19 households had been assisted into affordable home ownership in the quarter;
- 129 affordable land lots had been released;
- 143 new social housing dwellings had been constructed;
- 21 households had been assisted into affordable private rentals; and
- 34 new units of homeless accommodation had been provided.
“The … government has been working hard to address the issues of homelessness and housing shortage,” Mr Jaensch said.
Later this month, the government will begin consultation for the next stage of its affordable housing strategy.
Opposition housing spokesman Josh Willie said he believed Tasmanians without a home would want to hear the minister commit to regulating the state’s short-stay accommodation industry.
“I think [they] would like to hear a government that is talking more about how they’re going to share the economic good times with all Tasmanians, rather than those who are already well off,” he said.