Goldfish Ballarat Real Estate delighted to offer approx. 4.53 Ha (11.5 Acres) strategically located within Ballarat's Western Growth Extension Area for sale by Expression of Interest, just opposite to Aberdeen Estate developed by Integra, presents a significant residential development opportunity up to 69 lots (STCA).
LOCATION HIGHLIGHTS:
City of Ballarat: Ballarat is located in Western Victoria, Ballarat is Victoria's 2nd largest Regional City, with a population of approximately 115,000* Populations are based on ABS Census Data from 2021. Capital of Western Victoria with population forecast to surge 19% to 170,000 by 2041 and would require more than 29,000 new dwellings. This indicates that 5 new dwellings every day are required to meet current demand of housing to accommodate population growth.
Key industries in the city include manufacturing, tourism, health and community services, world-class education, agricultural, and retailing, together with banking and financing and government services via MyGovHub. More than 50% of its populations are employed locally in these industries.
Market Conditions: Ballarat is one of Victoria's most land-constrained markets, leading to higher demand and future price growth. Current average lot prices exceeding $300K showcasing strong investment potential.
Sale Type: Expressions of Interest;
Closing Date: Friday, 17th January 2025 by 05:30PM or sold prior.
This site offers a compelling opportunity for developers and investors seeking to capitalise on Ballarat's Growing Market Growth. For more detailed information, please call Subhash on 0423 916 840 or 03 5332 4444 now!!!
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Please see the below link for an up-to-date copy of the Due Diligence Check List: http://www.consumer.vic.gov.au/duediligencechecklist
DISCLAIMER: All stated dimensions and information are approximate only. Particulars given are for general information only and do not constitute any representation on the part of the vendor or agent.