This past twelve months has seen new-home builders put under increasing pressure due to the lack of available land development in the region. Existing estates are largely sold and there is little on the horizon for the next year.
One outstanding new development is in Kialla, Edgewater Estate, which is likely to be quickly snapped up and is featured in our House and Land supplement in this edition.
As it stands, the Greater Shepparton City Council is still deliberating the Greater Shepparton 2030 Strategy with discussion being deferred the last couple of Council meetings.
The intent of the strategy is to consider how our city will look in the future. By 2030, it is anticipated that Greater Shepparton will be home to approximately 81,000 people, who will be housed in 36,500 dwellings. Growth will be higher than the Victorian average, and will be across all ages.
One of the oddities of the current strategy is to continue growing the city in a north-south corridor without considering the possibility of expanding to the east and assigning some rich, but marginal agricultural land use to continue in its current malaise over desperately needed residential or industrial development use.
Notwithstanding, this latest development in Kialla will be a welcome release for up to 100 new allotments becoming available over time and a timely release if future projections are anything to go by.
