New figures have further confirmed the pain being felt by Tasmanian renters after 10 years of a Liberal government.
The latest PropTrack Market Insight Report shows that 48.1 per cent of Tasmanian properties are cheaper to buy than rent, compared to 36 per cent nationally.
We know that purchasing a property is out of reach for many hardworking Tasmanians, and is only getting further away in a cost-of-living crisis and with the record number of recent interest rate hikes.
The fact that many Tasmanians have no choice but to rent, in a rental market that is consistently more expensive than owning your home, simply isn’t fair.
Earlier this month, the National Rental Affordability Index placed Hobart as the least affordable place to rent across Australia, painting a dire picture of housing stress.
It is clear from these figures that after creating this crisis over ten years of government, the Liberals are not doing anywhere near enough to fix it.
In contrast, Labor has a strong plan to provide the housing Tasmanians need, including a specific policy to increase the number of rental properties available in our state.
Under our Build to Rent program, Tasmania would see an increase of at least 1,000 additional private rental homes enter the market within the first five years and stay in the private rental market for 30 years.
This would help ease pressure on the rental market and keep prices affordable for Tasmanians.
November 28 2023