Buying a house in Tasmania becoming more affordable
Tasmania's residential real estate sector is showing significant signs of improvement, with recent figures revealing state government housing initiatives are having a positive impact on the market.
According to the latest Department of Health and Human Services (DHHS) chart, the state's public housing waiting list is at its lowest level in 11 years - an indication that conditions are improving "across the board".
"The number of people allocated public housing has improved, more households are receiving private rental assistance and the wait for people most in need of housing has reduced," minister for human services Cassy O'Connor explained.
She commented: "Through the construction of new homes and various support schemes we have empowered more Tasmanians to enter the market through private rental, affordable homeownership and community sector housing."
In the six months to December 2012, the number of people on public housing waiting lists around the state plunged 23 per cent compared with the corresponding period in 2011.