Inner-city office or living

BENDIGO’S residential Strategy will be reviewed because of greater than expected growth.

The State Government has announced a grant of $50,000 to carry out the review.

The review is needed because, according to the State Government, 40 per cent of the forecast growth between 2006 and 2031 had already been realised.

Regional Development Parliamentary Secretary Damian Drum made the announcement this morning.

Mr Drum said the Bendigo Residential Strategy Review would deliver greater community and investor certainty, helping the region grow.

“The Bendigo Residential Development Strategy was adopted in 2004 and is currently being audited because of the faster than anticipated growth that has occurred in Bendigo in recent years,” he said.

“Strong residential growth has many flow-on economic benefits and having a clear framework for future development will position Greater Bendigo City Council to undertake more detailed, place-based planning in the future.”

Deputy Premier Peter Ryan said about 40 per cent of the forecast growth between 2006 and 2031 had already been realised.

The Residential Strategy impacts directly on where and how property developments use “infill” parcels of land, range of housing styles and also on housing affordability.

“This project will review the strategy, assess current and estimated land supply and demand and consider various legislative and policy changes,” Mr Ryan said,

“It will also consider the latest demographic data and establish a new strategic framework to guide the long-term residential growth of Greater Bendigo.

“The project will result in a revised residential strategy that will give developers, the community and service providers greater surety and confidence about where land can be developed for residential purposes, and that sufficient land is available to accommodate the City of Greater Bendigo’s future growth.”

Mr Ryan said a contemporary strategic planning framework was essential to the economic development of a large regional centre like Bendigo.

“Clearly identifying future growth options and supporting infrastructure needs will enable the Greater Bendigo City Council and other infrastructure providers to plan their capital works programs well in advance,” he said.

“Identifying long-term growth areas will enable the council and other service authorities to start planning for the delivery of services, thereby minimising the lag time between when residential development occurs and when the services need to be in place.”

Bendigo Weekly | Bendigo Weekly | 12-Jan-2012

BENDIGO

21 Wattle Street
CR Martin Real Estate
Clive Martin
5440 7000/0418 510 197
Price $400,000-$420,000
Inspect Sat 11.45-12.15pm

HERE’S an opportunity for a family or professional person to secure a central property for office or residential purposes.
On Wattle Street, it features a spacious renovated 1930s house on a low-maintenance block with ample on-site parking.
“The property is zoned Business 5,” licensed agent Clive Martin said. “It offers high exposure for the business person or a great inner-city lifestyle for a family.”
The building has noteworthy original features and a versatile floor plan that is ideal for office or living. The interior is tastefully updated and modernised and tweaking it to suit your needs will be easy.
There is front portico, grand lounge, three huge bedrooms, updated kitchen with family dining, modern bathroom with reproduction claw-foot bath.
Authentic features include soaring ceilings with art-deco inlay, arched windows, leadlighting, fireplaces and genuine timber floors.
The block measures about 419 square metres with attractive low-maintenance gardens plus single garage and further parking for three or four cars.
“The property also has right-of-way access from Queen Street,” Clive said.
Brilliantly located in the city’s financial precinct close to leading accounting and law firms, Girton Grammar, cinema, shops and parkland.
Inspection is highly recommended for business owners and investors or the family seeking an inner-city property to call home.
Cathy Matthews