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Tasmanian Housing Data Shows Confidence

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Tasmanian Housing Data Shows Confidence

January 2007

Tasmanian Acting Treasurer David Llewellyn said today that housing finance data released by the Australian Bureau of Statistics was another indication that the fundamentals of the Tasmanian economy remain strong.

The trend value of housing loans in Tasmania increased by 0.7 per cent to $200.1 million in November 2006.

“This is a record high and compares with a 0.6 drop nationally in the value of housing loans,” Mr Llewellyn said.

“In the year, housing loans totalled $2.3 billion, which was 16.5 per cent higher than in the previous year and also a record high.”

The trend number of housing loans in Tasmania eased by 0.2 per cent in November 2006, but was up by 8.3 per cent in the year.

Australia-wide, the number of housing loans eased by 0.7 per cent in November.

“These figures show Tasmanians continue to have confidence in the housing market and come on the heels of strong building approvals data released last week.”

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