Housing Boost for Hobart

There’s a huge boon ahead for Hobart’s North with a huge new affordable housing development to generate about $300 million in economic activity. Brighton Council and the Government have 400 blocks of land in Bridgewater, Gagebrook and Herdsmans Cove areas, which will be developed as low-cost house and land packages. It will ensure that there is a huge boost for the state’s building industry, too.

The Brighton Industrial and Housing Corporation will run on not-for-profit lines and is set to deliver homes to young families for as little as $286 a week. It’s being estimated that the project will generate more than $100 million in direct economic activity. “This project has the capacity to provide a life-changing opportunity for many renters in the Brighton community and make the dream of home ownership a reality for many others,” said Mayor Tony Foster. Blocks have already gone on sale, with home loans expected to boom.
Source: http://www.themercury.com.au/article/2012/07/21/348361_tasmania-news.html

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