Tasmanians want to build but home starts remain the furthest below average in the nation
New figures show demand for new homes in Tasmania is returning, with building approvals growing faster than in any other state. However, actual home starts remain further below their ten-year average than in any other state.
Why are Tasmanian home starts still so far below average when building approvals are rising?
Tasmanian builders and the trades that work on new homes may see more approved jobs, but starts are still lagging. Work could be slow to turn into site activity.
Key takeaways
- Tasmanian building approvals are growing faster than in any other state.
- Demand for new homes in Tasmania is returning, according to new figures.
- Tasmanian home starts remain further below their ten-year average than any other state.
- Approvals are not yet turning into homes actually being started.
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