The Island State’s Investment Awakening
Affectionately known as the “Apple Isle,’ Tasmania has become a key destination for investment in Australia. With strong economic growth, record-breaking retail trade, and a rapidly evolving commercial property market, the state is firmly established as a hotspot for opportunities.
Beyond its natural beauty, Tasmania is earning recognition for its thriving industries, including tourism, food production, clean energy, and technology. The state’s commitment to sustainability and green initiatives strengthens its investment appeal, with infrastructure upgrades further supporting growth. This evolution positions Tasmania as a prominent player in Australia’s economy.
Tasmania’s economic performance continues to demonstrate resilience, underpinned by strong consumer confidence and steady investment growth. Economic forecasts indicate moderate Gross State Product (GSP) growth of 1.25% in 2024–25 and 2% in 2025–26, yet the state remains ahead of many other regions in overall economic momentum.
Private investment in Tasmania is gaining traction, with $2.25 billion invested in 2024, a 16.3% increase compared to the previous year. Tasmania’s construction sector has also experienced impressive growth, with engineering construction rising to $2.38 billion in 2024, marking a 4.9% increase.
This growth signals strong infrastructure development, further reinforcing Tasmania’s appeal as an investment destination.
With a stable economic outlook and key sectors showing sustained growth, Tasmania is cementing its position as an attractive market for investors seeking both security and long-term returns. These figures reflect strong consumer confidence, helping to solidify Tasmania as an attractive destination for investors seeking stability and growth.
Tourism plays a crucial role in Tasmania’s economy, injecting nearly $4 billion annually and supporting thousands of jobs.
This thriving sector not only drives growth but also enhances the state’s cultural and social fabric.
This positive trend is further boosted by the state’s tourism sector, which has seen a significant rebound, with over 1.3 million international visitors recorded in the past year. As tourism expenditure grows nearly 30% since 2019, Tasmania is attracting increased demand for commercial real estate, particularly in retail, hospitality, and accommodation.
The state’s commercial property market, traditionally driven by “mum and dad’ investors, is now seeing a surge in interstate and international capital. Tasmania’s relatively affordable property prices, combined with strong rental yields and growth potential, make it an attractive market for investors. This demand is reflected in recent high-profile property transactions across the state.
As the demand for commercial property services grows, Tasmania’s potential as a premium investment destination is becoming increasingly evident. The state’s combination of economic resilience, growing private investment, and a robust tourism sector provides compelling reasons for investors to look to Tasmania as a prime location for capital appreciation and solid rental returns.
Recognising the continued potential for growth, Burgess Rawson has expanded our presence in Tasmania, positioning ourselves to better serve clients and capitalise on the increasing demand for high-quality assets across the state.
In response to the growing demand for commercial real estate services in Tasmania, we are excited to announce the appointment of leading sales agent, George Wilkinson to help ramp up our operations in this rapidly growing market.
George’s appointment comes as part of our agency’s strategic push to provide expert guidance and tailored solutions to the growing number of investors seeking to capitalise on Tasmania’s vibrant economic industry.
George joins the team with extensive experience in the commercial property sector, bringing deep market knowledge and a proven track record of success. In his new role, George will work closely with Burgess Rawson’s successful partner, Matthew Wright to further strengthen the firm’s ability to deliver outstanding results for our Tasmanian clients.
Together, they will bring a unique blend of expertise and a commitment to driving exceptional outcomes in Tasmania’s growing commercial property market.
Tasmania’s property market has seen a surge in interest from both domestic and international investors, driven by strong economic growth, increasing private investment, and a growing demand for long-term, secure leased assets.
It’s relatively affordable property prices, combined with strong rental yields and ongoing infrastructure development, make it an attractive destination for investors seeking stable returns and steady capital growth.
Through this expansion, Burgess Rawson aims to provide even greater insight and expertise to clients seeking to navigate the transformative Tasmanian market, capitalising on its investment opportunities, and securing long-term success.
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