Forecasting residential development

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The 2016 census showed that there was an increasing skills gap between regional and city jobs, with regional areas often topping youth unemployment lists.

The government has paid attention to these startling figures, choosing the Building Better Regions Fund (BBRF) to inject much-needed money in to smaller towns, in an effort to help alleviate stress on important services, like health and transport.

Almost $650 million has been allocated as part of the Australian Government’s commitment to create jobs, drive economic growth and build stronger regional communities into the future.

As a result of the funding, regional cities are on the rise, with Shepparton’s recent and forecast continued growth an exemplar for regional Victoria.

According to forecasts prepared by .id, City of Greater Shepparton will steadily increase dwellings by approximately 376 per annum every year up to a 2036.

The areas forecast to increase the most in terms of overall dwelling numbers over the next twenty years are Shepparton North East and Kialla. Shepparton North East is currently forecast to increase total number of dwellings by 94.8 percent, with Kialla’s number expected to increase by 76.7 percent.

Other areas with notable increase include Shepparton South East (predicted 56 percent increase), Tatura (predicted 26.2 percent increase) and Mooroopna (predicted 22.9 percent increase).