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New wind farm boost for Tasmania

A new wind farm project has been earmarked for King Island.

The creation of a new wind farm in Tasmania could have a number of significant benefits for property owners and buyers in the state, it has been claimed.

Australian Property Investor reports that between 15 to 20 per cent of land on the western side of King Island is to be made available for the project, with property owners set to witness a boom in values as a result.

"It would be a fantastic economic injection for the island and because it's such a small property market something of this scale would create a mini boom in housing demand," Rob Rubin of My Property Hunter told the publication.

He added that the returns for investors are likely to be on a par with high-risk mining.

Meanwhile, the Department of State Development, Infrastructure and Planning last month announced the introduction of a new unified planning policy for Australia, which will cover the main Australian property sectors of construction, agriculture, tourism and mining.

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