From redeveloping the former Polish Hall into a new dental surgery, demolishing a St Georges Square convenience store to build a multi-purpose dwelling with a new cafe, a new kindergarten at Lilydale District School and expanding a health business to treat patients more holistically.

These new developments, coupled with Brisbane Street Mall's upgrade, The Verge Hotel, Macquarie House, North Bank and the University of Tasmania's Inveresk site, make the city an exciting place to be in 2019.

New developments breathe new life into the state's second-biggest city, prompting the need for more accommodation to meet demand of people moving here.

Domain economist Trent Wiltshire recently wrote about Launceston's economic growth, citing the City Deal partnership, lowering unemployment and the 'Mona effect' as contributors, with such impacts boosting the state.

"Launceston’s economic prospects are also improving. Unemployment recently fell to its lowest level in more than seven years, although it remains elevated at 6.8 per cent... A weaker Australian dollar should continue to support Tasmania’s economy by boosting tourist numbers to Tasmania, as well as making Tasmania’s exports cheaper for overseas buyers," he said.

However, it must be said that a prospering economy and a flurry of new developments must be supported with appropriate infrastructure.

Property Council of Australia Tasmanian executive director Brian Wightman warns if Launceston's development moves too fast in some areas while neglecting others, problems will inevitably arise.

He sees housing as one potential issue.

"Complex and inefficient approval processes across several regulatory bodies still greatly impede the time taken to deliver new housing to the market," Mr Wightman wrote in October.

We need to stay ahead of this development curve to ensure Launceston's benefits continue as the city grows.