Media Release

Peter Gutwein MP
Shadow Treasurer

Monday 16th May, 2011

Housing Finance flat-lines under Green-Labor Government

The latest Housing Finance Australia statistics demonstrate the appalling lack of confidence in the housing market under the Green-Labor Government.

In trend terms the number of home loans in Tasmania and the value of those loans has plunged by over 20 per cent in the 12 months to March 2011, compared to the previous 12 months.

These figures show that since the 2010 state election confidence in the Tasmanian market has gone down the gurgler.

The number of home loans in Tasmania hasn’t been consistently this low for the past 10 years.

March figures indicate the market is continuing to flat-line with the quantity of loans and value continuing to go backwards.

The ongoing chaos and instability within the Green-Labor Government does not inspire market confidence.

Tasmania needs a stable Government with a focus on the economy, jobs and cost of living pressures.