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The long vacant and highly visible site will now be transformed into a productive mixed use precinct that supports new housing, jobs and local economic activity.
HIA Executive Director Tasmania, Benjamin Price, said the decision highlights the importance of enabling well located infill development at a time when Hobart urgently needs more homes.
“This is exactly the kind of housing project Hobart needs. It adds new homes in a well serviced corridor and turns a vacant, derelict site into something that delivers real value for the community. Every additional home matters in a housing market under pressure.”
Mr Price said the approval also sends a welcome signal to builders, developers and investors.
“This decision shows confidence to build in Hobart is returning. When good projects are approved promptly and sensibly, it gives the industry the certainty it needs to keep delivering.
“This is a strong example of planning enabling outcomes rather than delaying them. Delays have become all too common, and this decision is a welcome shift in the right direction.”
With major infrastructure projects likely to increase demand for housing, Mr Price said developments like this are timely and necessary.
“Hobart will need more housing of every type to meet future demand. Projects like this ensure the city is better prepared, supporting workers, businesses and the broader community.
“The approval also finally puts an end to years of uncertainty surrounding the prominent site, which remained vacant following an abandoned private hospital proposal,” concluded Mr Price.
With Easter coming up it is time for an update on fuel price related cost increases, the proposed minimum financial requirements, and also some enforcement activity by WorkSafe.
Tasmania can deliver both the Macquarie Point Stadium and the homes the community urgently needs, but only if government adopts a clear and coordinated construction workforce strategy, according to the Housing Industry Association (HIA).
“New house building approvals were relatively steady in February 2026 at 9,950, the second highest monthly volume in over three years,” stated HIA Senior Economist Tom Devitt.
Proposed changes to negative gearing and capital gains tax would worsen Australia’s rental crisis by reducing the supply of housing and putting upward pressure on weekly rents, Housing Industry Association (HIA) Managing Director Jocelyn Martin said today.