The City of Launceston has approved planning applications worth more than $215 million across the municipality in the last financial year.
Between July 1st last year and June 30th this year, a total of 673 separate applications were approved in Launceston.
This followed the approval of 646 planning applications worth $211.2 million in the 2018-19 financial year, and the approval of 658 applications worth $209.6 million in the 2017-18 financial year.
Launceston Mayor Albert van Zetten said the figures were a great result for the city.
"Launceston continues to attract major development proposals across a range of sectors and industries, and investment is still trending upwards," Mayor van Zetten said.
"While the Act requires us to assess applications within 42 days, in the 2019-20 financial year, those 673 planning applications were assessed in an average of just 28 days."
He says the projects include Mum and Dad developers building an extension to their house, to residential subdivisions and new hotels.
Tas City Building is one local development company with projects underway in Launceston's CBD. The company's Director Steven Simeoni says developer confidence in Launceston remains strong.
"I know a lot of small and large investors who love the Launceston and who, like me, are very positive about exploring new projects," Mr Simeoni said.