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Millennials call for more housing regulation subscribe A A A survey has revealed that almost three-quarters of Millennials said they believe the housing market needs more regulation to slow property prices. The Borrower Sentiment Index for the June 2021 quarter released by homeloanexperts.com.au has revealed that 70 per cent of Millennials said they believe the housing market requires more regulation to keep a lid on property prices. In addition, 40 per cent of Millennials surveyed said they believe that the support should come in the form of first home buyer (FHB) schemes, while 30 per cent said they thought the regulations should target property investors. ....
Peter Gutwein,Treasurer Our extremely successful HomeBuilder Scheme continues to stimulate our economy and confidence statewide. Since HomeBuilder opened in July, we have received over 2000 applications, with 627 applications registered in just the first two weeks of the year alone. To give a sense of scale, Tasmania normally builds around 2800 houses per year. To ensure that applications are processed as soon as possible, the State Revenue Office has put on unprecedented resourcing to meet this extraordinary demand, and there are now 14 full-time equivalent staff working on HomeBuilder applications. HomeBuilder is translating into more homes for Tasmanians. ABS Building Activity data out today shows that Tasmania has seen the second highest growth in housing commencements in the country, growing 7.1 per cent in the September quarter. A total of 786 of buildings commenced construction in the September quarter. ....