New year, new Tasmanians

New year, new Tasmanians

According to the recently released report from the federal government’s Centre for Population, Tasmania’s population is expected to reach 647,000 in 2032-33. 

Anna Reynolds, Lord Mayor of Hobart, says these projections are a signal that preparation would be require for such an extensive change. With approximately 80,000 new Tasmanians moving to the state over the next decade, a majority has also formed in neighbouring councils around the need for future planning of infrastructure and key essential services.

“That does require some quite significant additional skills and capacity inside the state government so that we’ve got some of the similar key institutions that other growing states have had for a number of years,” said Lord Mayer of Hobart Anna Reynolds.

While the influx in population brings a wealth of opportunity and the ability for growth as a state, this potential can only be reached through a coordinated and organised effort in regard to preparation.

“We need to ensure that we’re lifting our state institutions and agencies and expertise to really work with local government, as well, in managing this kind of population growth and ensuring that we’re able to actually manage the cities and the state more generally in this period of rapid change,” Reynolds continued.

As reported by The Mercury, Tasmania is set to welcome 4400 overseas migrants to the state in 2024-25 alone, with the return of international students and permanent migrants.

Tasmanian Population Projections 2020 – 2033

2020-21: 568,000

2021-22: 575,000

2022-23: 582,000

2023-24: 588,000

2024-25: 595,000

2032-33: 646,000

Source: 2022 Population Statement

Hobart’s surprise growth leader

While it comes as no surprise that the Tasmanian property market has continued to grow, obliterating sales records and suburb medians regularly, 2022 has provided an unsuspecting contender for Tasmania’s growth leader.

As reported by The Mercury, while in 2017 buyers could secure a typical house in Rokeby for just $201,000. Now just 5 years later, across 65 sales, the booming Eastern Shore suburb’s median house price has grown to reach $561,000.

The staggering 179 per cent increase over 5 years, reportedly the greatest of its kind in the country, indicates that recent developments in Oakdowns and Glebe Hill have allowed it’s neighbouring suburbs to thrive. While such exponential growth will not likely continue to last, the suburb of Rokeby has now firmly established itself as a popular family location.

Wonder how much your Rokeby property is worth? Get in front of the trends with a free market appraisal!