Minister for Human Services
Land Releases to Help Build Supply of New Affordable Housing
23 September, 2015
Building the supply of affordable housing in Tasmania is a key reform direction of the Hodgman Liberal Government’s Affordable Housing Strategy.
That’s why the first of 19 actions outlined in Tasmania’s Affordable Housing Action Plan 2015-19 is the release of land around the State to be sold to private developers for the construction of affordable homes.
We will progress the second stage of the Huntingfield Land Release Project, near Kingston in the State’s South, to deliver about 230 serviced residential lots.
A range of accommodation options will be developed for young families through to older residents, with a mix of two and three bedroom houses and higher density villa units and town houses.
The subdivision will include a retail precinct, a retirement and aged care precinct, a community garden and a recreation area.
Under the project, we will assemble “super lots” for release to private developers for sale and further residential subdivision and development.
In the North-West, we will subdivide 15 lots and provide community facilities on the former Somerset Primary School site.
We are also developing a residential subdivision of 22 serviced lots on land in Devonport.
These land releases will increase housing supply in Tasmania, and also have the added benefit of stimulating economic activity and job creation in our building and construction industries.
The Liberal Government wants to help more Tasmanians into home ownership.
We have extended the First Home Builders Boost and now, under the Action Plan, we will double the deposit assistance available through the Streets Ahead Program from $6000 to $12,000.
Streets Ahead provides help for 25 low to moderate income homebuyers each year to purchase Housing Tasmania homes that are no longer appropriate for social housing.
It has the benefits of helping Tasmanians into home ownership while also assisting Housing Tasmania to renew its housing stock.
Further, the Government is providing an additional $2.8 million as an immediate investment this year to continue the Home Share Program.
This will assist an additional 50 Tasmanian households, who otherwise cannot obtain finance, to enter into home ownership, with a shared equity model requiring home buyers to borrow no more than 70 per cent of the value of the home.
The program is another way that the Liberal Government is helping Tasmanians into home ownership.
Copies of the Strategy and Action Plan are now publicly available on the Department of Health and Human Services website. The web address will be www.dhhs.tas.gov.au/tasmanian_affordable_housing_strategy