- Subdivisions in Burnie to supply additional land for residential development
- The 49 lots are hoped to help meet the demand for affordable housing
- Some of the lots will be sold under the HomeShare
The Tasmanian government has announced the subdivision of lots in Burnie in a move to help increase the supply of social and affordable housing.
The increase in supply of land for residential development is hoped to help meet the high demand for social and affordable housing in Tasmania.
The news comes as a Compass Housing Services report hits headlines, warning of a national “social housing timebomb“. The report predicts severe shortages in social housing in the coming years.
Burnie, a port city on the North Coast of Tasmania, will receive an additional 49 lots for residential development from the subdivision.
Michael Ferguson, Minister for State Development, Construction and Housing in Tasmania, announced some of the lots will be available for purchase under the Tasmanian Government’s HomeShare program.
The program aims to make homeownership more accessible by lowering the cost of buying a house.
“HomeShare provides assistance to Tasmanians on low incomes who want to own their own homes,”
Michael Ferguson, Minister for State Development, Construction and Housing
“Importantly we are already investing an additional $10 million into the program,”
“The release of land at Shorewell Park is contributing to the Tasmanian Government’s commitment under the Affordable Housing Strategy 2015-2025, to release a total of 670 lots of land.”
The subdivisions are expected to commence in December 2021, with lots to go on the market in early 2022.