You may have heard us say it before… the Chamber’s view is that Launceston will inevitably take its place as a Great Regional City of the World. A superior place to work, live, play & invest.

Well, it seems we’re not the only ones… While the mainland grapples yet again with COVID lockdowns and closures, Tasmania’s perception as a safe haven continues to rise and Launceston made it into the top 5 of the Regional Movers Index, a document created and maintained by the Regional Australia Institute. (Full report here). It measures population outflows from capital cities to the regions and vice versa. In it, Launceston recorded the highest quarter on quarter growth of any of the surveyed cities – showing a nett increase in the March ’21 Quarter of 88%. Year on Year growth is a more moderate 34% but still a very significant figure. 

As a relative newcomer, I can attest to the fact that Launceston’s allure is a unique mix of heritage and forward-looking entrepreneurism served up with a healthy dose of self-assured confidence. A city where there’s opportunity, you can get things done; and with none of the congestion, agro and hassles of big-city living. Scratch the surface and there’s a LOT more going on than you first imagined. No wonder our numbers are up…

The attraction of skilled migration to Northern Tasmania has been a bugbear for some time. This new information seems to suggest that the problem is morphing, but where are we going to put these people? Property prices are rising sharply in response to increased demand, and chamber members in the property management field, report long lists of quality and eager tenants seeking, yet unable to secure appropriate accommodation.  Building approvals are up, yet access to new land releases is becoming more difficult. Finding trades is a challenge – their order books are full. Add in access to materials stymied by supply-chain issues and you get build costs escalating quickly; all of which is becoming a disincentive to investment.  We’ll be taking all this up with the Premier in the coming week.

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