TAS Time to Hype Hobart Thread?

John you mention some areas of Dynnyrne are not so crash hot - is that along Waterworks Rd and heading west?

 

Fragrance Group enters contract to buy University of Tasmania’s Conservatorium of Music building
ALEXANDRA HUMPHRIES, Mercury
May 19, 2017 12:30pm
Subscriber only
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SINGAPOREAN developer Fragrance Group is looking to add the University of Tasmania’s conservatorium to its expanding portfolio of prime Hobart real estate.

The company has entered a contract with UTAS to buy the site, which overlooks St David’s Park.

It had been expected to sell for about $10 million. The site includes the main conservatorium building on Sandy Bay Rd, a warehouse, three brick buildings on Heathfield Avenue, three heritage-listed conjoined cottages on Wilmot St and a communications tower.

UTAS confirmed an offer for the conservatorium site had been accepted and a contract had been signed by Fragrance Group.

UTAS will lease the conservatorium for the next three years until the $96 million Hedberg performing arts centre, near the Theatre Royal, is completed.

Tourism Industry Council Tasmania chief executive Luke Martin said Hobart was in need of more high-end hotels — such as those previously proposed by Fragrance Group — to enable Tasmania to position itself as a premium destination.

Fragrance Group is also behind proposals for a 126m-high, 400-room hotel on Davey St and a 83m, 495-room hotel in Collins St.

The proposals have provoked significant public opposition in recent weeks.

Greens leader Cassy O’Connor hoped the plans for the conservatorium would not include another “off-the-plan” skyscraper, and said Fragrance Group should involve local residents in the discussion.

“Good on the Fragrance Group for choosing to invest here but Hobartians need to have a say in the future of their city,” she said.

Hobart Lord Mayor Sue Hickey said the company seemed to have “a fairly aggressive strategy for building their Hobart property holdings”.

Shadow Treasurer Scott Bacon said the property had enormous economic potential, and Fragrance Group’s investments were welcomed.

Fragrance Group’s first Hobart hotel — a $35 million building on Macquarie St — is expected to open next month, operated by the Ibis Hotels group. Fragrance Group was contacted for comment.

 

Another vote of confidence in Hobart by the Fragrance group.

Works continue on the airport for international flights.

Jobs in construction and then new world class hotels for the big $ spending international tourists ... good for house prices.

 

check out the man cave...not bad
28 Hookey Court Rokeby Tas 7019 - House for Sale #125416198 - realestate.com.au

 

Haha... I hate their style! But hilarious mancave

 

Mona unveils grand expansion plans including casino, hotel and conference centre
SIMEON THOMAS-WILSON, Mercury
41 minutes ago
Subscriber only
DAVID Walsh has announced his new grand plan for Mona, which includes a five-star hotel, high roller casino and taking the Mona Foma festival to Launceston.

At a Tourism Council of Tasmania industry dialogue lunch, title No Bull, Mr Walsh spelled out his new vision for Mona.


Mona owner David Walsh. Picture: MATTHEW NEWTON
The new phase of growth for the museum includes:

A five-star 172-room hotel named HOMO on the museum’s Berriedale site;

An outdoor stage and amphitheatre and an indoor theatre;

A conference centre;

A proposal to take the summer Mona Foma festival to Launceston;

Developing the Berriedale Caravan Park to have 34 prefabricated “pods” of different sizes and amenity; and

The planned high roller Monaco casino.


An artist’s impression of Mona’s proposed HOMO development. Image: Fender Katsalidis Architects
Mr Walsh said the new developments would be an exciting phase in the evolution of Mona.

“It’s very simple really. We like building stuff,” he said.

“So far it has gone pretty well for us, and hopefully also for our communities.

“This time, some may think it’s gotten a little out of hand – the excavation alone is more than four times the size of that for the museum – but we seem to have some support, the plans have turned out pretty well, and we can’t rest on our laurels forever.

“The heart of Mona is chance.”

MORE TO COME ...




An artist’s impression of the three-level Mona Library, part of the proposed HOMO hotel. Image: Fender Katsalidis Architects

 

Australian newcomer listed in top global cities for price growth

 

Awesome news! In the process of negotiating another property there ATM.

 

'Hobart the Hottest Market in Australia'

Hobart the hottest market in Australia

 

Bozley I like thatarticle . It mentions the last two suburbs we've bought in Tasmania on it's list .

Claremont and south Launceston

Cliff

 

you're a lawyer right? maybe find a role in corporate or in house...pays better.

 

As someone who grew in Hobart, I do wonder how long this is going to last. It may have some attractive features to tourists, retirees and downsizers, but I seriously worry about the employment front. I graduated in Economics and most of us promptly left the state as Tassie have less jobs available, does not pay as well (even with less things to spend on, I would still have a higher disposable income in Sydney, Melbourne or Brisbane at least) and there is very little to do compared to the other states for anyone who is not a tourist or an old person retiring or downsizing. Less wage and the Sydney effect contributed to less supply available and more people that wants to rent rather than buy.

 

How did you do this? ie do they have 2 separate kitchens, bathrooms etc? is it a certain type of house you need to look for, to do this?

 

aww..c'mon, tasmania has the highest wage growth in the country!

6345.0 - Wage Price Index, Australia, Mar 2017

 

We haven't looked at the specifics in details . My understanding in Launceston that you are allowed to have a certain number of houses with a certain area . Not sure what the number is . We've just bought places which are already converted . Not sure if this is state or council controlled or elements of both .

Tasmania is an island and operates on island time so generally we haven't been keen on making major changes , though are currently thinking of moving our New town property more upmarket .

Cliff

 

Did you end up going to Launceston or Hobart?
What yield are you after?

 

Neither mate. I just couldn't bring myself to buy something in Tassie as the basic drivers just aren't there for the growth to be sustainable. It will one of the worse hit state if the correction contagion occurs. Experienced investors like sea change can manage as he already has many investment properties in other states. We are still in accumulation stage and went with safer ones in Vic and qld. Next one will be either one of those states again how about you?

 

Ir sounds as though you're a never sell person? Why mot ride the wave and sell off, even if the sale is only a year or so after purchase?

 

Why not ride the wave and keep it for a retirement home...is enjoying your property as well as your money too irrational for all the analytical investors on pc?

 

hi Pentanol
i have been looking at hobart and launceston. I need over 6.5% gross yield. I have some in QLD so i thought diversification would be good. Where about's are you looking and what yield are you aiming at?