AT Tuesday’s Council Meeting, two reports on the amount of future undeveloped industrial and residential zoned land were noted and received.
The reports highlighted significant demand for industrial and residential zoned land across Greater Shepparton due to the population increase and significant investment across the region in recent years.
It estimated that there is only eight to 14 years’ worth of zoned residential land across Greater Shepparton. It did however consider that this is an over-statement, as some of this land may not be available as land supply due to significant land development constraints, fragmentation, planning issues, and existing uses operating on the land and not wishing to develop.
The report considers that these factors will have a significant impact on land supply leaving only approximately five years’ worth of zoned land. The report estimates only a slightly better outcome for industrial land in Greater Shepparton. There is between eight to 15 years’ worth of zoned supply for industrial use. In addition, there is a 14-to-25-year supply of industrial land identified, but not yet zoned, for future use.
Residential projects proposed include the Kialla North Growth Corridor, the Kialla West Growth Corridor, the Shepparton Southeast Precinct, and the Tatura Structure Plan, which are expected to house the bulk of the region’s future population growth.
Industrial projects include three new industrial growth corridors at Lemnos, Mooroopna and Shepparton North, which along with GV Link, will cater to the bulk of expected industrial demand for land.
Visit greatershepparton.com.au/ strategic-strategies-and-reports/urban-development-program to view the updated reports.
