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The Premier’s Economic and Social Recovery Advisory Council (PESRAC) was established to provide advice on strategies and initiatives to support the short to medium, and the longer-term recovery from COVID-19.

PESRAC provided a spotlight to the growing community concern that the Tasmanian housing market were becoming increasingly dysfunctional and COVID-19 had not improved this situation.

In fact, more Tasmanians were reporting challenges related to increasing house prices and lack of affordable private rentals.

Adequate affordable housing is an important issue affecting the health and wellbeing of Tasmanians and the concerns of younger people, people living in the north west and west and people living with disability where specifically highlighted during the PESRAC consultation.

The Tasmanian Government has made a record investment of $615 million into social and affordable housing, and homelessness initiatives. This includes a $280 million commitment to more social housing for Tasmanians in need and the State’s largest building program of new social housing for decades.

This means that around 3 500 households will have a new home by 2027.

More needs to be done to make comprehensive change and build a sustainable housing system. This means optimising all the opportunities available to the State Government to influence the housing market through regulatory systems, strategic land use planning, policies, taxes, subsidies, and capital investment.

Based on the PESRAC recommendation, the Tasmanian Government has committed to developing a comprehensive Tasmanian Housing Strategy to drive practical actions to deliver a more sustainable housing market for all Tasmanians.

Improving our housing system means investigating potential improvements to the housing market through regulatory systems, strategic land use planning, policies, taxes, subsidies, and capital investment.

The development of the Tasmanian Housing Strategy will also bring together experts in Government, research, community, business and construction to provide advice on how to maximise influence over our housing market levers.