Risks posed by the weakening housing market has seen the OECD warn financial institutions and bank regulators to “be prepared in the event of a hard landing”. With 27 years of positive economic growth, the report says Australia has demonstrated a “remarkable capacity.” However, the nation faces economic challenges that, if not handled well, could see an end to its strong track record, according to the Paris-based group. Urban Developer
Hobart’s housing market will soften after tremendous growth but its future remains bright. New Australian Bureau of Statistics home price figures show Hobart’s residential property prices grew by 1.5 per cent in the September quarter, the slowest quarter since June 2016 when Hobart recorded 0.7 per cent growth. “I believe prices have peaked,” he said. News.com.au
HOBART’S economy received a major boost during the past year with council issuing 676 permits for more than half a billion dollars worth of building and construction works. In the 12 months to October, $513 million worth of works were approved by the Hobart City Council, more than double the amount during the same period the previous year when $238 million in permits was issued. The Mercury
Tasmanian Property Council, Master Builders Tasmania warn height limits threaten Hobart’s growth. The Tasmanian Property Council and Master Builders Tasmania also say limiting heights to 60 metres in the city will stall Hobart’s boom. The Mercury
PLANNING officers have recommended the Hobart City Council refuse Fragrance Group’s controversial application to build a 13-storey hotel and residential project in North Hobart because it would dominate the streetscape.The recommendation to council says it would detract from more modest heritage-listed properties nearby. The Mercury
REVAMPED plans for a $60 million expansion of the heritage-listed Lenna of Hobart hotel in Battery Point set to go before a Hobart City Council Planning Committee tonight should be refused, planning officers say. The original designs released in September last year received 90 objections and sent the owners and developers back to the drawing board. The Mercury
Hobart could become a city of precast concrete block buildings if strict height limits are imposed, a developer has warned, ahead of a critical meeting on the future look of Tasmania’s capital.By capping height overall, they don’t assess what the impacts are to feasibility for developments. They don’t assess what the economic and social outcomes will be,” he said. “You end up with a city that doesn’t have much diversity and richness [and] a lot of projects that are just focused around commercial outcomes.”The things that make buildings beautiful are the aesthetic differences and intricacies that property developers don’t really get a return on. – ABC
The Hobart City Council Planning Committee has narrowly voted to support absolute height limits lower than those recommended by architect Leigh Woolley, in a crowded committee meeting last night. In the Woolley report, the tallest building limit would be 75 metres and petering out from there, but council planners had lowered that to 60 metres and in a motion tabled by Lord Mayor Anna Reynolds, the maximum would be lowered again to 45 metres. ABC
Results for Tasmania for the week 26th November to 2nd December 2018
Clearance Rate: 33.3% · Reported: 3 · Sold: 1 · Not Sold: 2
Looking for more information about your area? Contact the team at Kunama. We can help you buy, sell and manage Tasmanian Property.
Get an online appraisal delivered to your phone and email, simply provide the details below and our team will be in touch with an online appraisal of your home.