Why Tasmania?
Let’s see why Tasmania is has become, and is set to remain, the highest performing State in Australia, and why, for the next decade or more, it is the best region in Australia to invest and live in.
Tasmania offers a wide range of opportunities for people looking to enjoy its varied landscapes and weather conditions. From summer activities such as swimming, surfing, kayaking, impressive bushwalking, pristine waterfalls, world famous deep-sea fishing and mountain biking to winter sports such as trout fishing, snow skiing, snowshoeing and ice climbing, there’s something for everyone. There are also plenty of great events and festivals happening throughout the year.
Tasmania has a young, family making population, as opposed to the main-land’s aging population. Tasmania also has Australia’s lowest unemployment rate. Work opportunities range from hospitality and tourism to major corporation executive positions. Tasmania also has many excellent educational facilities.
To accommodate the growing population and tourism explosion, the housing market and local economies are booming.
These large and ultra large infrastructure projects will provide Tasmanians with numerous benefits, particularly in terms of job opportunities and housing market growth.
1) The Australian Government (applies to all TAS): continues to invest in new and existing infrastructure projects across Tasmania, including $639m funding to deliver Tasmania’s infrastructure pipeline. Recently, the Tasmanian Govt announced a $200,000 first homeowners grant and the need for 10,000 new homes over the next 10 years. Click here
2) Burnie: Tasmania’s most productive export port has infrastructure upgrades planned to increase capacity, including an international container terminal. The State Government has secured an investment of $385 million to deliver the largest collective port development program in Tasmania’s history. This will deliver increased passenger and freight access and create sector-specific port infrastructure to facilitate the export of goods and resources from across Bass Strait. In 2019, transport giant, Toll, completed a $311 million ship purchasing investment to capitalise on Tasmania’s anticipated export increase.
3) Marinus Link (Between Shorewell Park and Miandetta): A proposed electricity and telecommunications interconnector between Tasmania and Victoria It will enable the flow of electricity in both directions between the two states, delivering low-cost, reliable and clean energy for customers in the National Electricity Market (NEM). Project cost: $3.5b.
4) Porsche and HIF (near Shorewell Park): have procured land and plan to produce 100 million litres of carbon-neutral e-Fuels per year in the north, Burnie, by the beginning in 2026.
5) Bridgewater Bridge: A new $576m project co-funded by the Tasmanian and Australian Governments recently received its first major projects planning approval, making it the largest transport infrastructure project in decades that will link Hobart to the outer suburbs.
6) Defence Innovation Hub: $30 million federal government project to develop a defence force innovation precinct at Launceston for the Australian Maritime College, University of Tasmania and Australian Defence Force. In October 2019, global engineering giant Thales committed to becoming the anchor tenant for the precinct.
7) Cattle Hill Wind Farm: A $300 million renewable energy project currently under construction, creating 150 jobs.
8) Burnie University (near Shorewell Park): Construction commenced in early 2020 for the new $90 million university on prime, waterfront land in the north-west Tasmanian regional city of Burnie.
9) Hermal Group Hardwood (near Shorewell Park):: A $190 million hardwood timber mill is planned for Burnie, creating circa 200 local jobs.
10) Cradle Mountain: A $160 million master plan for visitor facilities at the unique tourist attraction in the state’s north-west.
11) Biomar Manufacturing Plant (near Shorewell Park):: A $67 million facility has been developed to manufacture fish feed for the fast-expanding aquaculture sector. The factory opened in May 2020, creating 85 direct and indirect jobs in the Burnie region.
12) Granville Harbour Wind Farm: The $280 million renewable energy project on the north-west coast is close to completion.
13) Robbins Island Wind Farm (near Smithton): The $1.5 billion wind farm will be one of Australia’s biggest privately funded renewable energy projects. The first stage of development is planned to be operational by 2023 and 400 jobs are expected during construction.
14) Battery of the Nation (near Sites Miandetta): $5 billion project and 3000 jobs to develop an enormous hydro-electricity project using a series of lakes in north-west Tasmania.
These are just examples of what to expect in the next 10 years.