Federal Infrastructure Promises & More Statistics!

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The Hodgman Liberal Government welcomes the significant support from the Federal Government to help ease congestion on Hobart Sorell roads through the Roads of Strategic Importance (ROSI) initiative. This will reduce travel time between Hobart and Sorell and the Southern Beaches, one of Tasmania’s fastest growing areas. The duplication of the Tasman Highway between Hobart and Sorell is a traffic solution needed to ensure the area keeps up with current and future demand. Mirage

Infrastructure is the big winner in this year’s budget, with the government splurging on roads and railways to fight congestion and prop up a lethargic economy. Just weeks away from the election, Treasurer Josh Frydenberg delivered his maiden budget on Tuesday, unveiling $100 billion in infrastructure funding over the next decade. Urban Developer

The pace of the Australian housing downturn slows in March, but the scope of the downturn has widened geographically. CoreLogic’s national home value index reveals the pace of declining property values eased relative to the past four months, declining 0.6 per cent in March, the smallest of the month-on-month declines since values fell by 0.5 per cent in October last year. Urban Developer

Hobart home values have remained positive while most other states are in negative territory, the latest data real estate has revealed. For 17 consecutive months Hobart has been the best performing capital city for home value growth. And March was no different, with Hobart taking the crown for the largest percentage of growth. Hobart’s median dwelling value was $464,168, with the report showing an annual change of 6 per cent and a quarterly change of 1.2 per cent. News

Hobart is no longer the most affordable capital city in which to purchase a home, according to new data from CoreLogic. It continues to ride on a boom that is driving its home prices upwards by 6% on an annual basis making it the only capital city to witness a dwelling price rise. Your Mortgage

Hobart CBD retailers battling to survive a shift to online shopping and fickle consumer demand. Once thriving shopping districts along Elizabeth St Mall and Liverpool St are showing signs of malaise, with empty shopfronts littered throughout the CBD. It has led to Lord Mayor Anna Reynolds calling on the State Government to form a small business commission or create a small business minister role within the Government. Mercury