Development on Tasmania’s North West coast

Economic growth and opportunities on Tasmania's North West Coast

There are some pretty special things happening within our home in North West Tasmania. There are numerous large-scale investments set to enhance the local economy and infrastructure, from innovations in renewable energy like the Marinus Link and Burnie's Clean Energy Centre, to essential upgrades to the Bass Highway.

Community plans and education programs are enabling sustainable growth and helping to build a skilled work environment, ensuring local communities and businesses can continue to grow, so that many more of you can call this pocket of Tasmania home.

At 40|43, we’re proud to be part of this momentum. In this blog, we’ll explore what’s driving growth in our local communities and why more families, businesses, and investors are setting their sights on Tassie’s North West Coast.

Renewable energy

The North West Coast is becoming a known destination for renewable energy, with several projects underway. These initiatives are not only boosting the local economy but also positioning Tasmania as a leader in clean energy production.

The North West Transmission Developments project, spearheaded by TasNetworks, is upgrading the electricity transmission network, and directly supporting Tasmania's goal of doubling clean energy production by 2040. Beyond this goal, the project is creating more jobs and enhancing energy security.

Marinus Link is a planned undersea electricity interconnector, set to promote energy trade between Tasmania and Victoria. In layman’s terms, this link will facilitate energy exchange between Tasmania and Victoria, opening up new opportunities for green energy export and economic growth.

Tasmania’s Clean Energy Centre of Excellence at TasTAFE’s Burnie campus is a $27.2 million initiative set to train a workforce in wind generation and pumped hydro technologies. This will help facilitate alternative pathways into the clean energy sector and strengthen employment pipelines.

Urban development projects

Urban development is the process of planning, building, and managing the growth and expansion of cities. The North West Coast of Tasmania is seeing some serious support in its urban growth with projects such as the Bass Highway upgrades. This will enhance freight links and support local industries and communities by reducing travel times and improving safety.

"These initiatives reflect the government's strategy to build Tasmania's future through substantial infrastructure investments that aim to stimulate the economy and enhance community well-being," the Tasmanian Premier, Jeremy Rockliff, has stated.

The North West Coast 2035 Community Plan outlines a 10-year vision to build a stable, sustainable, and diverse regional economy across a range of industries – new businesses, better services, and stronger community connections that will benefit the whole region. Cultural initiatives, like Big hART’s $5.9 million Artisan Social Enterprise in Wynyard are also driving revitalisation – turning a warehouse into a hub for traditional trades and supporting local business and heritage.

Infrastructure advancements

Spreyton is stepping confidently into the future with major upgrades that benefit both the environment and the everyday lives of its residents. The new $24 million Materials Recovery Facility is improving waste management and now enables the processing of up to 20,000 tonnes of recyclables annually. This project has also created new, green jobs right here on the North West Coast.

It’s not only behind the scenes where things are improving. Traffic safety has been prioritised, and locals would have noticed the installation of new traffic lights at the intersection of Mersey Main Road and Kelcey Tier Road in Spreyton, which has improved road safety for both residents and visitors.

In Latrobe, flood mitigation measures are being implemented following the significant flooding in 2016. Entura's engagement with the Latrobe Council has resulted in strategies including the construction of levees and enhanced storage in Kings Creek, protecting the township from future flooding events.

Education and workforce development

Our region’s growth story isn’t just about new developments – it’s as much about the people and communities behind them.

Education initiatives, such as TasTAFE's School for the Visitor Economy, are equipping local students with the skills to power key industries such as tourism and hospitality. Delivering industry-ready training, this initiative will help skill the next workforce generation, ensuring they’re equipped to meet the demands of a growing visitor economy.

The North West Support School's redevelopment in Spreyton will provide improved facilities for students with additional needs, and demonstrates a commitment to inclusivity and education.

Meanwhile, the North West Building Futures Program is rolling up its sleeves to tackle a big challenge: the construction skills gap. This three year initiative is focussed on boosting the number of apprentices in the building and construction industry – something we are passionate about and can definitely get behind! Beyond just filling jobs, the program is centred around career pathways for young Tasmanians and making sure our booming property and infrastructure sectors have the hands-on talent they need.

Furthermore, as mentioned earlier in our blog, the Clean Energy Centre of Excellence in Burnie will be offering on-site training opportunities that bridge education and industry. It’s proof that learning doesn’t just happen in classrooms, but on the ground, in real projects, creating real impact.

Housing and real estate potential

Now for our favourite part! The North West Coast’s real estate market is showing significant potential, with a range of new developments catering to growing demand.

In Shearwater, a new 75-lot subdivision on Burgess Drive is in the planning stages. This development by Jochro Pty Ltd responds to increasing demand for family housing in the area, with lots expected to be available by late 2025 or early 2026.

And here at 40|43 Developments, we are also actively developing in this area, aiming to offer a range of housing opportunities in and around Spreyton and Latrobe, that cater to different lifestyles and preferences.

The future is bright on Tasmania’s North West Coast

From clean energy and modern infrastructure to education, community upgrades, and a booming property market – Tasmania’s North West Coast is on the rise. What’s unfolding across our region isn’t just growth for growth’s sake. It’s smart, sustainable progress that’s creating jobs, strengthening communities, and building a place more people are proud to call home.

At 40|43 Developments, we’re not just watching this transformation, we’re helping shape it. Through thoughtful development in places like Spreyton and Latrobe, we’re committed to creating housing that fits the way locals want to live, while supporting the region’s long-term future.

Whether you’re looking to invest, settle in, or simply keep up with what’s happening in your own backyard, now’s the time to pay attention to the North West. Big things are happening and we’re just getting started.