Continued strong investment growth in Tasmania
 

30 May 2019

The latest Australian Bureau of Statistics Private New Capital Expenditure data, released today, shows private investment in Tasmania grew by 12.9 per cent over the year to the March 2019 quarter, in real trend terms.

This was the second highest rate of growth in the nation, and in stark contrast to the result nationally, which saw private investment actually decline nearly 1% over the same period.

Today’s excellent results were driven by nation leading growth in building and structure investment, which grew by 47.4 per cent over the year.

Results like today’s demonstrate why Tasmanian businesses are some of the most confident in the nation, and when businesses are confident they invest and create local jobs. This is good news for our building and construction sectors.

These results follow the 2019-20 State Budget, handed down last week, which delivers on our Plan to grow Tasmania’s economy, support local businesses, create more jobs and invest record amounts into infrastructure, health and education.

Latest news

State Budget passes lower house

13 June 2019 This afternoon, the House of Assembly passed the 2019-20 State Budget which maintains the momentum and invests fo…

A strong economy delivering more jobs

13 June 2019 Tasmania now has the strongest growing economy in the nation for the first time in almost 15 years, and the Gover…

Tasmanians to benefit from extended first home owners grant

13 June 2019 Tasmanians considering buying their first home will continue to be able to take advantage of the first home owner…