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The north-west coast of Tasmania offers a unique blend of natural beauty, lifestyle opportunities, and investment potential. Keep reading to understand why this region is becoming increasingly attractive to investors and homebuyers alike.

Growing appeal amongst mainlanders

North West Tasmania has seen a surge in popularity among mainland Australians (or mainlanders as us Tasmanians know them) who are seeking a change of pace. In 2024, Tasmania's housing market saw a 3.5% rise in investor activity. This trend is driven by several factors that make the region an appealing destination for both lifestyle and investment purposes.

The area's natural beauty, with its rugged coastlines and picturesque horizon, provides a stark contrast to the urban environments many mainlanders are accustomed to. This scenic quality is a significant draw for those looking to escape city life.

Additionally, the region's more affordable property prices compared to mainland city's make it an attractive option for first-time homebuyers and investors alike. The potential for capital growth in this emerging market is a key consideration for many.

The sense of community on coast is another factor attracting mainlanders. Smaller towns and connected communities offer a welcoming atmosphere that many find appealing after living in larger, more impersonal cities.

Maximising your property's potential

There are many ways you can capitalise on this trend. Are you sitting on a double block or a spacious patch of land? Why not look to construct an additional dwelling to put up for sale or lease? This investment move could unlock significant potential right in your backyard. If you’re thinking of developing, our team at 40|43 Developments would love to work with you to explore these opportunities.

Property investment

Are you considering investing in property in Tasmania? Life by the coast is a rewarding lifestyle that gives you the best of both worlds with access to career opportunities as well as a tranquil way of life that Tasmania is so known for. Whether you are looking at short-term holiday accommodation to attract tourists or prefer the stability of long-term rentals, a smoothly running property has the potential to add to your income.

How do I identify quality developments in Tasmania?

Identifying quality developments in Tasmania is crucial for ensuring a sound investment. The region offers a range of options, from established properties to new constructions, each with its own set of considerations.

When evaluating developments, consider factors such as location, build quality, amenities, and potential for capital growth. Look for properties in areas with strong infrastructure, good schools, and easy access to services and attractions.

New developments often offer modern features and energy-efficient designs, which can be attractive to tenants and potentially command higher rents. However, established properties in desirable locations may offer immediate rental income and the potential for value-adding renovations.

It's also important to consider the reputation of the developer and builder. Companies like 40|43 Developments have a track record of delivering high-quality projects, which can provide peace of mind for investors. We work with local Tasmanian builders, such as Platinum Pro Constructions, so you have guaranteed peace of mind that we will deliver a high calibre product.

Understanding project management benefits

While the final product of a new development is the priority, getting there smoothly requires a team with the expertise and systems to ensure both the journey and the outcome exceed your expectations. Engaging a company that offers comprehensive project management services can provide significant benefits when investing in property development in Tasmania. This approach can save time, reduce stress, and potentially lead to better outcomes.

Our project management is led by Sam Walters, and this process includes:

1. Overseeing the entire development process from concept to completion
2. Coordinating with architects, builders, and local councils and stakeholders for planning, building and relevant approvals
3. Ensuring compliance with regulations and quality standards
4. Managing budgets and timelines

These services can be particularly valuable for interstate or overseas investors who may not be familiar with local processes and regulation, or don’t have the ability to oversee the project themselves. They provide a single point of contact, simplifying communication and decision-making, making the process efficient and enjoyable!

In summary, Tasmania’s North West coast is an emerging prime location for investors and home owners. With rising demand, now is the perfect time to capitalise, whether that’s developing on existing land or investing in one of our finished products. A well-managed investment can deliver financial returns while also contributing to the region's growth. At 40|43 Developments, we specialise in high-quality projects and seamless project management, ensuring your journey is smooth and rewarding. Interested?