Coronation for Kingston & Another Macquarie Point


Glenorchy City Council is considering selling the Derwent Entertainment Centre and surrounding waterfront land at Wilkinsons Point as part of a package deal to attract a game-changing development to the city, akin to Macquarie Point.  Property Council Tasmania executive director Brian Wightman said he was confident the prime 16ha riverfront site would attract interest nationally and internationally. Mercury

Macquarie Group's funds management arm has mandated Credit Suisse to sell its controlling stake in Hobart International Airport. MIRA's stake is expected to be worth at least $250 million. MIRA and Credit Suisse are expected to work together to have an auction up and running in the second half of this year AFR

Kingston Beach took out the number one spot as Tasmania’s best performing housing market last year. The latest data from CoreLogic has revealed huge median price growth with the cost of houses in the beachside suburb growing by over 40 per cent in 2018. Cambridge was the only other suburb to record median price growth over 40 per cent. In Cambridge there were 15 house sales last year while Kingston Beach recorded 26.

The national residential vacancy rate remained steady at 2.2% in February according to the data from SQM Research. Hobart posted marginal decreases of 0.1% in vacancy rates and remained the lowest of all capital cities at 0.4%. YIPM

A Hobart councillor, Ben Bartl wants a cap on short term rental properties in the city. He says “six per cent of Hobart’s rental stock has been replaced by short-term accommodation, which has contributed to an acute housing crisis in which displacement and skyrocketing rents have become the norm.” Meanwhile, the Tenants’ Union of Tasmania has called again for the State Government to ban short-stay accommodation approvals in greater Hobart. Mercury

The State Government will spend $125 million over four years to assist 3600 households into social or affordable accommodation, Housing Minister Roger Jaesnch said. The Plan includes funding for 607 new social housing homes, the release of 380 lots for new homes, help for 287 households into affordable home ownership. It also provides for 88 units for homeless tenants, 137 supported accommodation units and 50 new homes for elderly Tasmanians. Mercury