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Building approval drop more evidence of economy in decline

30 May 2024

Another big drop in building approvals is yet more evidence of Tasmania’s economy slowing to a halt under the Rockliff minority Liberal government.

ABS data released today shows Tasmanian building approvals were down 16 per cent for the month – the biggest drop in the nation.

There were roughly half as many building approvals this month than there were 40 years ago.

Since Jeremy Rockliff’s leadership sent his government into minority, Tasmania has already shed 5,000 jobs and we’re not faring much better on other economic indicators.

When you add in declining building approvals, businesses going bust at an alarming rate, record numbers of Tasmanians leaving for better opportunities elsewhere and the Premier preparing Tasmanians for a “challenging” and “difficult” budget, it’s clear things just keep getting harder under the Liberal-Lambie-Independent coalition.

Josh Willie MP
Shadow Treasurer

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Authorised by J. Moore, Australian Labor Party (Tasmanian Branch), Hobart 7000