Ensure you never miss an issue of the
real estate business bulletin
State of Markets – TAS November 2012

State of Markets – TAS November 2012

by Reporter 0 comments

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

TASMANIA

  • 33%: Proportion of property occupied by renters, 2011 (SQM Research)
  • 4.98%: Gross rental yield – houses (RP Data)
  • 11.77%: Average annual growth – houses (RP Data)

Property owners fear heritage listing plans
Glenorchy City Council’s proposal to give heritage status to large numbers of properties in Hobart’s northern suburbs is causing alarm, with owners fearing they will be burdened with renovation costs and regulations.

The proposal aims to protect 85 properties in the area from demolition and inappropriate development.

Council heritage officer Georgina Monks said a historian and architect deemed the properties to be of significance during a survey in 2005, along with hundreds of others, some of which have already been added to the heritage register.

The properties range from homes to dilapidated churches in suburbs that include Claremont, Montrose, Goodwood and Collinsvale.

“They’re not what one would call grand mansions and you or I walking past them might not spot the significance, but that doesn’t diminish their value,” said Glenorchy Historical Society president, Phil Butler.

New Bunnings a positive sign for Tassie
A $25 million hardware store coming to Burnie is a positive sign for Tasmania, Premier Lara Giddings has said.

Construction of the new Bunnings store will create more than 150 jobs, while there will be 100 permanent jobs for Tasmanians once the store is operational.

Ms Giddings said the development was a clear sign of confidence in the future of retail in Tasmania.

“This is a welcome boost to not only employment in the region but also to the retail sector, and this major new development will also have flow-on effects to other businesses in the area,” she said.

“At a time when conditions in the retail sector remain tough, it is encouraging to see a national leader in Bunnings investing in Tasmania.”

State of Markets – TAS November 2012
lawyersweekly logo
promoted content
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast
reb top 100 agents 2017

The REB Top 100 Agents ranking is the foremost ranking of agents in Australia. It has set the bar for excellence in Australian real estate. To be ranked as an REB Top 100 Agent is the standard real estate professionals strive for. See the full 2018 ranking here!

featured podcast

featured podcast
An industry where the resilient succeeds

Tim Heavyside believes that a strong support team and good foundations are paramount to success in the real estate industry, and with regu...

View all podcasts

Would you consider working for Purplebricks or a similar 'DIY' model?

Yes (7.2%)
No (80.9%)
Perhaps - make me an offer (12%)

Total votes: 209
The voting for this poll has ended on: July 13, 2018
Do you have an industry update?