Kunama Real Estate Agents and Property Developers | The 6 Biggest Pieces of News about Property in Greater Hobart THIS WEEK
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Welcome Stranger, Hobart, Development Proposal

The 6 Biggest Pieces of News about Property in Greater Hobart THIS WEEK

A $30 MILLION apartment tower has been proposed for the site of Hobart’s Welcome Stranger Hotel. Developers Hexa Group will today unveil their plan for the prime Davey St site. The proposal includes 52 apartments and two levels of retail space in a 45m-tall building, slightly shorter than the Hotel Grand Chancellor. The project will help address housing supply and urban sprawl, providing a total of 52 extra units. An underground car park will provide space for 61 cars,” he said. The Mercury


A HOBART City deal could be signed by Christmas. Federal Minister for Cities, Urban Infrastructure and Population Alan Tudge visited Hobart on Friday for a meeting with local mayors. He said a final announcement was close. But aside from the already-announced $461 million Bridgewater Bridge, there was no new detail or funding revealed. There was a promise there would be no “net decrease in government jobs and economic footprint within the Kingborough region” if the Antarctic Division moved. The Mercury


Property Wind Down Continues as Apartment Construction Takes a Hit. An otherwise “orderly retreat” from boom conditions in the apartment sector is being threatened by interest rate hikes and possible changes to tax policy settings, with construction activity experiencing a sharp decline in October. A faster decline in house and apartment building and commercial construction reinforced overall falls in the sector – with apartment building falling at the sharpest rate in six years. The overall construction index contracted 2.9 points to 46.4 in October, the sharpest decline since October 2016 and signalling a second consecutive month of decline after 19 months of growth. The Urban Developer


The RBA’s resolve to keep the official cash rate on hold at 1.5 per cent this week, for a record 27 months, is expected to continue offering support to the nation’s economy at its current rate setting. “Growth in credit extended to owner-occupiers has eased but remains robust, while demand by investors has slowed noticeably.” But despite keeping the cash rate on hold, Murray said borrowers are still wary of any potential hike in their borrowing costs. The Urban Developer


Tasmanian devils have been found breeding under houses near Greater Hobart, surprising residents confused by the bumps in the night. Wildlife authorities have urged people to try to live with the spring-time ruckus until the boisterous juvenile devils leave home. Even their occasional devilish antics — such as stealing clothes for bedding — can be alleviated with an offering of substitute rags. The Mercury


AN off-the-grid Bay of Fires camp has taken out one of the major prizes at this year’s Australian Institute of Architects National Architecture Awards. The Nicholas Murcutt Award for small project architecture went to krakani lumi, which means “place of rest”, at the awards in Melbourne on Thursday night. The standing camp was designed by Hobart’s Taylor and Hinds Architects in conjunction with the Aboriginal Land Council of Tasmania. The Mercury

Weekly auction results

Results for Tasmania for the week 29th October to 4th November 2018

Clearance Rate: 100% · Reported: 1 · Sold: 1 · Not Sold: 0

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