Plans for the next stage of a housing development that is set to provide over 100 homes in Hobart’s northern suburbs have been submitted to the local council.
The 109-lot Brighton development spearheaded by Homes Tasmania sits on state government-owned land alongside the under-construction Brighton High School on Elderslie Road.
According to Homes Tasmania, about 85% of the new lots of land will initially be made available for affordable home purchase under the MyHome shared equity program.
Currently, MyHome lets eligible Tasmanians buy their own homes with just a 2% deposit, reducing the upfront costs and ongoing mortgage repayments.
“These lots will be quarantined for the first 30 days for affordable home purchase with the MyHome shared equity program,” an info sheet reads.
“After the 30-day period, unsold lots will be put on the open market. Some lots may still be kept aside to be made available for sale with MyHome later.”
“Homes Tasmania will keep around 15% of lots for future social housing development.”
Detailed designs lodged with the Brighton Council show homes will range in size from around 450m² to 1,000m² across the 10.7-hectare site.
The council is scheduled to review the application in April.
