 Streets Ahead Program to be expanded to allow purchase of existing and new off-the-plan homes
 Incentive scheme will be expanded in pilot program to allow 100 families to enter home ownership
 Tasmanian families to benefit from $1.3 million Labor initiative
 Eastern shore suburbs including Risdon Vale, Geilston Bay and Lindisfarne will be first target
Tasmanian families looking to break into the housing market will benefit from Labor’s plan to expand the Streets Ahead affordability program to include new homes, not just former public housing properties.
Labor Leader Rebecca White said a majority Labor Government would provide $1.3 million to open up the $13,000 package to 100 eligible Tasmanians to purchase already existing homes or build new properties off-the-plan.
The $13,000 from the Streets Ahead Program is in addition to the First Home Owners Grant for eligible Tasmanians.
“Streets Ahead already provides $12,000 toward a house deposit and another $1,000 toward mortgage insurance premiums and legal costs but has been restricted to former public housing stock,” Ms White said.
“Labor is determined that every Tasmanian has the opportunity to enter the housing market and by expanding the scheme, families will have the chance to build a new home or buy an existing property, not just a former public housing house.
“A future majority Labor Government will be about giving every Tasmanian the chance to put a roof over their heads and not restricting that opportunity to excess government stock.”
Shadow Housing Minister Josh Willie said the initial Streets Ahead expansion would allow 100 Tasmanian families the chance to enter the market.
“The first target areas of the improved scheme will be on the Eastern Shore, including Risdon Vale, Geilston Bay and Lindisfarne, where affordable land is available,” Mr Willie said.
“Not only is this about allowing more Tasmanians to become property owners but it will provide an important economic stimulus. For every new home built costing $300,000 the stimulus to the economy in jobs and construction will be up to $840,000.”
Labor candidate for Pembroke Jo Siejka said it was crucial the expanded package would be first offered in the Eastern Shore area.
“The hundreds of people I have been talking to over the past weeks are telling me that housing affordability is one of the major issues for the area,” Ms Siejka said.
“Families who are hurting in the rental market have told me they want the opportunity to buy their own home.
“Pembroke residents who already own their own homes are worried that their children will not get that opportunity into the future and this will provide them with that chance to build their own house.”
Rebecca White MP Labor Leader