One of the most anticipated and significant CBD developments to take place in decades is now officially open and our directors Trevor Booth & Phillip Lee recently had the opportunity to tour the facility.
Almost 1000 Victorian Public Servants of which it is expected 600 will transition from Melbourne to a range of agencies will commence the move into their new $104M home over coming months. The Ballarat site is one of three regional GovHubs in the state which will provide a boost to regional economies.
Staff from Service Victoria, Consumer Affairs Victoria, Working with Children Check Victoria, the State Revenue Office, Regional Development Victoria, the Department of Environment, Land, Water and Planning, and the Department of Education and Training and VicRoads will work from the Ballarat GovHub.
The GovHub is expected to add to the revitalisation of the Ballarat CBD through the creation of jobs, increase in business opportunities and attract private sector investment to further stimulate the local economy. The scaling up of numbers will take place during 2021-2022 with an expected surge in activity for surrounding food and retail businesses.
Undertaken by Development Victoria and constructed by Kane Nicholson there was a strong emphasis on local economic benefits with approximately 500 construction jobs and 60 regional suppliers from Ballarat, Bendigo, Geelong. Ballarat is a strong regional centre and with excellent infrastructure and affordable housing is moving into a new golden era where jobs and economic growth will benefit the entire city.
Australian residential property values have continued their upward trend in recent months, though June saw a deceleration with both houses and units recording a modest 0.2 per cent monthly increase. The ongoing scarcity of available properties and limited listings has intensified competition, driving up prices in both capital cities and … Read more
Property prices continue to rise nationwide, with significant growth in both metropolitan and regional areas. Regional markets show less dramatic changes, with Western Australia leading despite median prices remaining under $500,000, making it one of the more affordable regions. South Australia and Queensland demonstrate steady growth at 2.6 per cent … Read more