Housing development to provide $300-million boost to economy

A MAJOR affordable housing development launched in the Brighton municipality will deliver a $300-million boost to the Tasmanian economy.

The project is an initiative of the newly formed Brighton Industrial and Housing Corporation (BIHC), a not-for-profit company owned by Brighton Council, and will provide an immediate stimulus to the depressed housing and construction sector.

House and land package purchaser Leonie Jenkins looks at the block she has chosen.
House and land package purchaser Leonie Jenkins looks at the block she has chosen.

It will also bring the dream of home ownership to reality for people caught in the rent trap who previously were unable to purchase a house, with house and land packages available for around $220,000.

If financed through the State Government’s HomeShare program, this means weekly repayments could be as low as $285 a week at the present interest rate of 7.1 per cent.

This major development has been initiated by Brighton Council in partnership with the State Government and is aimed at significantly increasing private home ownership in the local community.

It involves the construction of about 400 new affordable homes in Bridgewater, Gagebrook and Herdsmans Cove, on large parcels of currently under-utilised Council and government-owned land.

Special funding packages provided by both Brighton Council and the State Government will bring these homes within reach of many who are paying market rents.

It’s estimated that the project will generate more than $100 million in direct economic activity.

Using the standard Australian Bureau of Statistic’s multiplier for the construction industry, the total direct and indirect economic output of the project is valued at about $300 million.

Brighton Mayor Tony Foster said the project would benefit employment and the housing and construction sector, create attractive options for prospective homebuyers and provide a major boost to the state economy.

“This is an extremely exciting project for Brighton and Tasmania and is part of Brighton Council’s vision to increase private home ownership in our community through a private-public partnership,” Cr Foster said.

“It follows the development report for Brighton authored by consultants – former Premier Paul Lennon and Nigel Reeves – that recommended the establishment of BIHC to maximise the economic and social benefits of under-used land in the municipality.

“This project has the capacity to provide a life-changing opportunity for many existing renters in the Brighton community as well as make the dream of home ownership a reality for many others.

“As well, increasing the availability of private affordable housing will enhance Council’s current urban renewal project.”

Cr Foster said consultants had developed a sound financial model and external funding of up to $100 million had been confirmed through Tassie Home Loans.

It would enable the development of house and land packages costing around $220,000.

“Proceeds from land packages available now will be used to develop additional residential blocks, so driving the program without any upfront financial contribution from government,” Cr Foster said.

“Combining Council and State Government land with innovative funding solutions will result in a greater number of affordable home packages and generate significant economic and social outcomes.

“It will provide an immediate stimulus to the building and construction sector with a positive flow-on impact to other industries.

“This is an unprecedented partnership between local and State Government and the private sector to deliver a fantastic development for the community, Brighton and Tasmania.”

Plans will be available and builders will be on site to discuss home options. Further information is available from Tassie Home Loans on 1800 687 377.

Merger push poses more questions than it answers

By PROFESSOR BRIAN DOLLERY *

The push by the so-called Tasmanians for Reform group (in reality the Property Council representing big property owners) for council amalgamations in Tasmania leaves several critical questions unanswered.

Despite extravagant claims that wholesale forced amalgamation will somehow bring savings of ‘up to 35 per cent’ – something never previously achieved in any Australian amalgamation program – the group is notably silent on other important questions. Continue reading “Merger push poses more questions than it answers”

Brighton rates match CPI – up just 31c a week

BRIGHTON Council has kept its rate rise to the annual increase in CPI with the general rate to go up by just $16 per house next year, or 31 cents a week.

The Council will absorb the carbon tax impact, enabling it to restrict rate increases in the municipality to CPI for the 16th year running. Continue reading “Brighton rates match CPI – up just 31c a week”

Brighton signs tell the true story

SIGNS have been erected at strategic spots in the Brighton municipality to counter the push for council amalgamations that would have a dramatic impact on the municipality’s ratepayers.

Brighton Councillor Leigh Gray said the signs had been placed to combat the misleading message on signs put up by the group Tasmanians for Reform claiming that local government amalgamation would reduce rates.

Signs in Brighton municipality that counter the push by 'the big end of town'.
Signs in Brighton municipality that counter the push by 'the big end of town'.

Continue reading “Brighton signs tell the true story”

Property Council must work with local government

BRIGHTON Council has called on the Property Council (Tasmania) to work with local government to benefit ratepayers rather that continually attacking the third tier of government.

It says Tasmanian would be better served if the Property Council worked with local councils to achieve efficiencies. Continue reading “Property Council must work with local government”

Council amalgamation campaign is a front for Property Council

THE current campaign for local government amalgamations and particularly the establishment of a greater Hobart Council comprising Brighton, Clarence, Glenorchy, Hobart and Kingborough is being pursued by the so-call Tasmanians for Reform Group. This group is little more than a front for the Property Council which represents large property and building owners seeking reduced rates for city office buildings and shops. Continue reading “Council amalgamation campaign is a front for Property Council”

Brighton lobbies against push for amalgamation

BRIGHTON Council is lobbying the State Parliament and other southern councils following its decision to resist the current push for the establishment of a greater Hobart council comprising the municipal areas of Hobart, Clarence, Glenorchy, Kingborough and Brighton.

The Council has written to all members of State Parliament, the Mayors of the 12 Southern Councils and key property developers and business leaders, putting forward its case why Brighton should not be forced into the current merger proposal. Continue reading “Brighton lobbies against push for amalgamation”

Council absorbs carbon tax – rates go up only $16

BRIGHTON Council has confirmed that it will absorb the carbon tax impact and restrict rate increases to CPI for the 16th year running, with anticipated increases of just $23 per household.

Mayor Tony Foster said the continuation of Brighton’s fair rating model had been unanimously supported at the April Council meeting Continue reading “Council absorbs carbon tax – rates go up only $16”

Amalgamation push is totally unacceptable

By TONY FOSTER

MAYOR OF BRIGHTON

THE current campaign for council amalgamations and the creation of a greater Hobart council, being pushed by the so-called Tasmanians for Reform group (a front for the Property Council), offers nothing for Brighton or its ratepayers.

As such, Council has determined not to support it. We are confident that Brighton is considerable better off under the current arrangements and that we can achieve efficiencies and service improvements by working with other like-minded councils. Continue reading “Amalgamation push is totally unacceptable”

Studies show amalgamation is not best option for Brighton Rate Rise – no way

BRIGHTON Council will not support the current push for local government amalgamation as it offered nothing for local ratepayers.

Council has questioned the push by the Property Council and other vested interests for council amalgamations and the creation of a so-called greater Hobart council. Continue reading “Studies show amalgamation is not best option for Brighton Rate Rise – no way”