Tasmanians urged to take the property plunge
Tasmanians considering making the transition to homeownership are being urged to take advantage of the state government's first time buyer incentives.
Premier Lara Giddings said the First Home Builders Boost - effective from January 1 - is a major boon for those wanting to get a foot on the property ladder.
The government initiative offers those are building their first home or buying a newly constructed a cash incentive of $15,000.
As well as helping more people own their first property, the scheme - which is part of the Tasmanian Jobs Package - is expected to inject $250 million into the construction sector.
"It is fantastic to see the results of this initiative in putting the dream of homeownership within the reach of young Tasmanians, while also creating jobs and opportunities in the building industry," the premier explained.
"There is no better time to look at building a new home, with interest rates at near record lows, competitive house and land packages available and this new $15,000 incentive now in effect."
The First Home Builders Boost is available until June 30 next year.