Michael Ferguson,Minister for State Development, Construction and Housing
Tasmania’s post-COVID recovery and economic future continues to build with the latest Tasmanian Infrastructure Pipeline showing more than $15.5 billion in public and social infrastructure planned over the next 10 years.
As more and more people discover the lifestyle advantages of living in areas such as the Derwent Valley, we have seen increasing demand for residential properties.
The first slab pour occurred today at the new ‘The Mills’ residential development in the Derwent Valley which is an important first step for the project and crucial part of the $500 million investment in the region.
In recognition of the important role the building and construction sectors play in supporting our economy, the Tasmanian Liberal Government has committed additional initiatives with the view to further stimulate the economy and support jobs.
One of these initiatives is our Headworks Holiday program, which is aimed at creating jobs and increasing housing supply in Tasmania.
‘The Mills’ residential phase is expected to deliver 700 new homes, creating more opportunities for Tasmanians to own their own home in a highly desirable location.
It was also complement our strong plan to increase housing stock in Tasmania by 3,500 by 2027.
The broader Mills development is anticipated to support more than 1,000 jobs each year throughout construction as the development ramps up, generating valuable local jobs for the Derwent Valley.
Future phases of the development are expected to include retirement living, accommodation and community facilities including childcare and medical facilities.
I thank Noble Ventures for their vision to bring this project to life and I can’t wait to see these 700 homes built here in New Norfolk and the associated benefits to the Derwent Valley region.