State of Markets – TAS November 2012

State of Markets – TAS November 2012

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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
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