latest-hotspots

State of Markets - TAS December 2012

By Staff Reporter

Essential information, plus expert insight on what is shaping the national property market...

 

TASMANIA

Fast figures

  • 2.7%: Vacancy rate in Hobart (SQM Research)
  • $492,000: Median value of house in Hobart CBD (Residex)
  • 7.3%: Unemployment rate in Tasmania (ABS)

$84 million mill to power jobs
Over a thousand jobs will be created directly, and indirectly, through a new project in one area, according to federal regional Australia minister, Simon Crean.

Funding of $84 million has now been secured for Tasmania’s Boyer Mill, which will create 330 direct jobs, 100 jobs in the construction phase and 900 indirect jobs, Mr Crean noted.

"The ramifications for not supporting this project could have been dire given the mill supports over 1,200 jobs and injects $140 million into the local economy each year,” he said.
The mill, based in New Norfolk, will see the funding injected in over the 2013/2014 financial year.

"This is an important investment in Tasmania's economic future and builds on the Tasmanian Forests Intergovernmental Agreement (TFIGA) and the Australian government's $120 million for economic diversification,” Mr Crean continued.

Big plans for Hobart rail yard
A proposed $50 million redevelopment project slated for Hobart is one step closer to fruition.

The 8.4 hectare site of the Hobart rail yards has been called a ‘once-in-a-generation opportunity’ by minister for economic development, David O’Byrne, and a new committee has now been appointed to oversee the project.

The new Macquarie Point Development Project Steering Committee will provide a mixture of infrastructure planning, development, policy and legislation, urban design and corporate governance expertise.
"[The] appointments give Tasmanians - including stakeholders - a direct and convenient opportunity to have a say about what this site should offer and look like in coming years," Mr O’Byrne said.

Part of the committee’s responsibility will be to seek out public consultation from Tasmanians.

Thank you.

Your enquiry has been sent to a local Aussie Mortgage Broker.

We will be in contact with you shortly.
Opps.

error occurred.
Unfortunately Aussie cannot attend to your home loan related enquiry at this stage as you must be a citizen or permanent resident.
Do you need help finding the right loan for your investment?
What Aussie do for you:
  • Give expert mortgage advice to help you find great investment loan deals
  • Help you maximise return by lowering financing costs
  • Save you time and effort by helping with the paperwork
First name
Last name
Location
Mobile Number
Are you an Australian Resident?
promoted stories

Top Suburbs

Highest annual price growth - click a suburb below to view full profile data:
1.
BLUE BAY 49.18%
2.
PAMBULA 43.5%
3.
BERKELEY VALE 42.74%
4.
POINT PIPER 40.52%
5.
NORTH TURRAMURRA 38.12%
State of Markets - TAS December 2012
SPI logo