In Conversation With: Tassie’s Townhouse Trendsetter | Stefan Giameos, Giameos Developments
Prominent Hobart developer and Director of Giameos Developments, Stefan Giameos got his start in the property sector through somewhat un-traditional channels. Stefan studied Marketing and International Business at the University of Tasmania, which lead him into an international role with Australia’s largest premium motor yacht builder, Riviera. After considerable time abroad, Stefan was keen to re-plant some roots in his hometown and secured a popular bar and restaurant in Hobart. After five years of managing, as well as owning, the establishment, Stefan was ready for a new challenge.
Leveraging his accumulated assets, Stefan bought a site and set about re-developing it into eight townhouses. He still attests today that this has been the hardest project that he’s ever undertaken, but the learnings gained have proved invaluable. In the eight years that have passed since then, Stefan studied through the nights to obtain his building licence and has stayed within the residential development sector.
Stefan has noted that townhouses are a very popular asset at the moment and if you can find the land, they’re a developer’s dream. This largely has to do with the somewhat belated Tasmania market which sits behind the fast-paced east coast capitals, however Stefan sees this as more of an advantage than a fault.
“People are seeing Tassie as a safe spot – a bit of a safe haven. We don’t have radical or quick changes in the market and we’re seeing some good growth in industry and population.”
Catch the full conversation between Development Ready’s Rob Langton and Stefan here
