More rental incentives for Tasmanian property owners

Guy Barnett, Minister for State Development, Construction and Housing

The Rockliff Liberal Government is committed to improving the housing market and increasing housing affordability by offering more incentives for private property owners to help Tasmanians in need.

“We know many Tasmanians are struggling to find an affordable rental, so if you have a property you can rent to someone who needs a hand up, we can help you,” Minister Barnett said

“Today I was pleased to meet Josh Gulbin, a property owner with two homes in the program who wanted to make a contribution.

“Josh said he decided to participate in our Private Rental Incentive (PRI) program because it was a way for him to help Tasmanians in need.

“Josh told me that he got into the scheme because it helps other people get a roof over their head and can provide homes for people who are struggling in the current rental market, such as single mums and people with pets,” Minister Barnett said.

Under the $9.25 million Private Rental Incentive program, rents are capped at between 25 to 30 per cent below median rates in their region.

In return, property owners receive an incentive payment of up to $9,900 per property per annum.

Tenancy and property management is provided fee-free by Centacare Evolve Housing, a registered and experienced, state-wide property manager.

Property owners are guaranteed rent for a two-year lease.

“That’s peace of mind, no fees and an opportunity to help people in need while getting a guaranteed return for your rental property,” Minister Barnett said.

“With 260 properties on the books, we are looking for another 140 homes to join the program.

“If you have a property that isn’t currently in the private rental market, I encourage you to reach out to Homes Tasmania.”

Landlords can get more information about the program including upcoming information events by visiting www.homestasmania.com.au/Private-Rental/Private-rental-incentives.

The Private Rentals Incentive program is part of the Rockliff Liberal Government’s single largest housing investment in the State’s history consolidating housing as one of our highest priorities.

The $1.5 billion housing package, overseen by the newly established Homes Tasmania, will make an unprecedented difference to the lives of vulnerable Tasmanians by improving the housing system and delivering 10,000 homes by 2032.

We are currently on track with our goal of building 1,500 new affordable homes and units by June 2023 with 735 homes built as at December 31, 2022.

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