Treasurer Michael Ferguson’s cuts-and-debt budget paints a bleak picture for private dwelling investment in Tasmania.
Dwelling investment is forecast to experience negative growth in 2023-24, doing nothing to ease the pain of a bad year in 2022-23*.
This is a worrying sign for both Tasmania’s economy, and housing situation – particularly given the fact that building approvals continue to decline.
After nearly ten years of a Liberal Government, Tasmania is in a housing crisis with longer social housing waitlists than ever before.
While Tasmanians in need of housing are worrying about where they will sleep, Premier Jeremy Rockliff is worried about how he can build his stadium in Hobart.
The Rockliff minority Liberal Government has clearly lost its way, and it’s Tasmanians who are paying the price.
*See Budget Paper No.1, Chart 2.6: Tasmanian State Final Demand – Contributions to Growth, p33
Jen Butler MP
Shadow Minister for Building and Construction