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Department of State Growth

Building and construction

Sector summary

Building Construction

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Building Construction

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The building and construction sector comprises residential and non-residential building and engineering construction. Each of the key segments of the industry is reliant on demand derived from other sectors of the economy.

Domestic economic conditions, low population growth, an ageing populating, planning and development controls, interest rates and perceptions of the State and Federal Political environment are some of the key influences on activity in the sector.

Priorities for the building and construction sector include:

  • completion of new planning schemes and related planning reforms;
  • increasing the First Home Owner Grant to $20 000
  • supporting key private sector investment projects such as a $1.5 million flood levy grant for $15 million investment in the Old Launceston Grain Silos.

The Tasmanian Government has announced a waiver of headworks charges for new development. The scheme involves reimbursing TasWater for headworks charges that would otherwise be payable by developers.