Private rental costs 'may ease' in Tasmania thanks to affordable home construction
A shortage of rental vacancies in Tasmania means rents are comparatively high in the island state, according to Cassy O'Connor.
The state's minister for human services announced on Friday (March 30) that residential property across the state will receive a boost in the form of more affordable and sustainable housing.
Tasmania, O'Connor explained, is in the midst of its largest home construction drive for decades - a move that she said is good news for those who are having difficulty securing affordable housing.
Low to moderate income earners are among those who may struggle when it comes to making the switch from public housing to a private rental - but this challenge is being slowly and surely addressed.
A new report indicates a 13.4 per cent fall in the public housing waitlist, which O'Connor said is a sign that the state and federal governments' "record spend" on affordable housing construction is paying off.
"And while there is still more work to be done, this report shows that much has already been achieved despite continued pressures on the system," she said.
More than 1,100 affordable homes have been delivered to Tasmanians across the state since 2009, O'Connor emphasised last week. She added that plans remain on track to deliver a total of 1,400 properties across Tasmania before the end of June this year.