- Central Victorian town to plan centralised sewerage system
- Comes as large numbers move to rural and regional Victoria
- Property asking prices have shifted up significantly
Minister for Regional Development Mary-Anne Thomas announced $630,000 will go towards future development in the Central Victorian town of Talbot, which has been identified as a growth corridor for the region.
The town is some two hours away northwest of Melbourne, and less than an hour north of Ballarat.
Dubbed the ‘Growing Talbot’ program, the money will enable Central Goldfields Shire to plan for a centralised sewerage system in consultation with the community and to identify Talbot’s future subdivision and development zones.
“We understand that workforce and housing shortages are a real issue in our regional towns – that’s why we are investing in projects like Growing Talbot to boost housing stock and grow employment options.”
Minister for Regional Development Mary-Anne Thomas
The coronavirus pandemic has resulted in unprecedented numbers of people moving from metropolitan Melbourne to regional and rural Victoria, increasing demand on the already tight housing market in many areas.
House prices in the town have been a mixed bag over the past few years, but following the large numbers moving to rural Victoria, asking prices have shot up dramatically, eclipsing a ten year high of over $420,000.
Asking prices for Talbot, 3371
Stock on market has also been dwindling since a high between 2013 and 2014, a total of 10 properties were on the market in August, according to SQM data.
Stock on market for Talbot, 3371
The Growing Talbot project complements the Victorian Government’s $5million Regional Workforce Pilots which are strategically located across the state to help regional and rural communities attract the workers they need to grow.
The pilots have been designed to tackle housing shortages and other barriers to regional workforce attraction, which are threatening economic recovery and growth.