Ballarat City Council reports investment growth

More than $75 million in investments were approved by Ballarat City Council from January to March, up from $63 million from October to December.

There were also 96 new homes approved, up from 74 in the previous quarter, and 358 new allotments approved.

It brings the total number of new allotments to 1010 for the first three quarters of the financial year.

Ballarat mayor Samantha McIntosh said council was delighted to see strong investment in the community.

“Our economy remains strong and our beautiful city is ideal for investing in business,” she said.

”Talking to investors and businesses – they are seeking to start a new life and it is about the beauty of the city as well wanting to know everything stacks up for good strong successful business.

“There is certainly a level of strong investment and signs of confidence in Ballarat as a place to live and invest.”

There have been some big developments approved in the last financial year.

This includes a $2 million extension of the retail presence at Lucas Estate, amendments Stockland Wendouree’s $27 million renovation, Lydiard Street South food and drink premises valued at $9.6 million and the $2.8 million development of a service station on Ballarat-Carngham Road.

Cr McIntosh said council had worked hard to ensure there was a robust plan for growth that included infrastructure development to match population growth.

”While that is in place we have listened to the community and developed robust plans for the growth,” she said.

“It is so important we retain what is beautiful about Ballarat – that is what attracts people.

“Ballarat growth is being careful and strategically managed to ensure the necessary, services are in place.”