news

$100 million private investments to boost area

By Staff Reporter
0

 Major reforms to the planning system and private investments worth more than $100 million have been welcomed in one area.

Tasmania’s Launceston City Council new planning scheme has been put into place this week, with an expectation of immediate stimulus for the region, said deputy premier Bryan Green.

"With developments worth more than $100 million already on the drawing board this is the breakthrough investors have been waiting for," Mr Green said.

"The day after Launceston's new scheme was declared Bunnings announced plans for a $45 million warehouse that will create 180 new jobs,” he said.

Projects in the pipeline include a 500 lot residential subdivision and a retirement village in Waverley, student accommodation in Inveresk, 25 rural living lots in Swan Bay, 15 industrial lots in Waverley and a Hazell Bros. Group Pty Ltd recycling/concrete proposal in Prospect.

Two multi-million dollar developments, a Target and a Boags Brewery, would encourage 135 jobs.

"There are further major developments in the pipeline and I look forward to more announcements in the near future.

"I am confident the investment trend we are seeing in Launceston will flow to other areas of the State as all Tasmanian councils work towards rolling out new planning schemes. The reform of our planning system is delivering greater consistency, certainty and clarity for investors and developers,” he said.

promoted stories

Top Suburbs

Highest annual price growth - click a suburb below to view full profile data:
1.
FAIRLIGHT 46.02%
2.
CASUARINA 44.36%
3.
THE ENTRANCE NORTH 41.09%
4.
ULTIMO 40.67%
5.
LAVENDER BAY 40.2%