Great News for Tasmanian residents this week with news that the Tasmanian Government is set to restore the first home builders grant to $20,000, making it one of the most generous incentives in the country to build a first home.
Just at the start of this year, the government slashed the first home buyers grant to just $10,000 with the intent of phasing it out.
Treasurer Peter Gutwein announced in State Parliament on Wednesday that the budget will include funds to continue the grant at last years level until until June 2017, with the move expected to bring $175 million worth of building activity across Tasmania. He estimated first time builders would construct 900 new homes across the state in that time.
As part of the Government's plan to "super charge" the construction industry, it will also spend $113 million over four years on school and TAFE building upgrades, assist in bringing much needed jobs to the state.
With the implementation of the grant, the Property Council remains optimistic that it will encourage mainlanders to consider Tasmania as more than a holiday destination, rather a place to call home.