Media release – Roger Jaensch, Minister for Housing, 22 June 2020

Expanded HomeShare program to benefit Tasmanians

The Tasmanian Government is lifting the asset and income limits under our successful HomeShare program to support more jobs in building and construction, while helping even more Tasmanians to buy or build their own home.

This initiative forms part of the Government’s $3.1 billion construction blitz that will help get our economy back on track as we continue to recover from the impacts of COVID-19.

HomeShare can help those on lower incomes into home ownership by reducing the initial cost of buying a house and the monthly cost of owning it, with the cost shared with the Director of Housing. We estimate the revised eligibility rules will result in 150 additional home purchases, including 75 new builds over two years.

There is no doubt that housing will play a key role in our economic and social recovery from COVID-19, and improving the access to this program will add to the available housing stock across the state, support jobs, and help Tasmanians in need.

It will complement other initiatives that will help us recover and rebuild from the coronavirus pandemic, such as extending the existing $20,000 First Home Builder’s grant to eligible new owner occupier builds until the end of the year, and constructing up to 1000 new social houses over the next three years.

The revised eligibility requirements for the HomeShare program can be found here:

Source: Tasmanian Times