Development Victoria is creating more opportunities for Victorians to live close to Ballarat’s CBD, as demand for property in regional Victoria continues to grow.
The Acacia residential development, located in the Ballarat suburb of Mitchell Park has now sold out all 92 land lots, with the final sales releases occurring in late November.
Acacia is being delivered by Development Victoria, as part of the broader Ballarat West Employment Zone (BWEZ), partnering with Regional Development Victoria and the City of Ballarat.
The BWEZ project is designed to drive the region’s economic growth over the next 20 years, providing jobs and unlocking prime industrial land, while leveraging its position within Victoria’s freight network with access to road, rail and Ballarat Airport.
The demand for property in regional Victoria continues to increase, as we see more Victorians discovering the many benefits that our regions offer
Located just ten minutes from Ballarat’s city centre, Acacia is delivering a total of 92 large land lots of 2,000 - 3,028 square metres, allowing buyers to build their own home in regional Victoria, close to jobs, schools and transport options.
“The large size land lots within Acacia are of particular interest to those who are downsizing from farm life, or who want a little more space to build their dream home in a growing community.” Said Penny Forrest, Group Head Property Development for Development Victoria.
“The demand for property in regional Victoria continues to increase, as we see more Victorians discovering the many benefits that our regions offer.”
The development will include significant open space for the community to enjoy, including a two-hectare reserve as well as connectivity to the Ballarat-Skipton Rail Trail which is popular with walkers and cyclists.
Development Victoria investing in the delivery of infrastructure and landscaping works for Acacia, providing a boost for Ballarat’s economy. Local contractors, Sovereign Civil were appointed to deliver the civil component of this development, generating approximately 55 local jobs.
Revenue from the sale of Acacia is being invested in the delivery of the Intermodal Freight Hub at BWEZ, to further support and enhance the growth and function of the industrial precinct.
In addition to surplus crown land, Development Victoria has invested over $25 million in the broader BWEZ project. Sales to date, as well as those currently underway will result in more than 450 full-time jobs, with many more jobs expected for the project’s subsequent stages. The City of Ballarat has contributed an additional $5 million in support of this important project.
Industrial land within the initial stages of BWEZ has been purchased by businesses including CHS Broadbent, Luv-a-Duck, Agrimac, Kane Transport, Findlay Engineering, Sovereign Civil, Westlab, Cervus, Pipecon, Office Vision, Chris’s Body Builders, Michael’s Group, Milestone Benchtops, MKM Constructions, and Tidy Group.
Updated on 14 January 2022