Construction and Property

Ballarat continues to support a strong construction sector in both residential and commercial areas. Projected positive population growth will provide new opportunities to existing and new businesses and to investors. With new residential developments such as The Chase, Insignia and Sailors Gully, Ballarat's domestic construction industry remains a solid performer.

The City of Ballarat has identified the need for planning for sustainable and managed growth, and as a result has adopted the 'Ballarat West Growth Area Plan'.

The plan will guide the growth within Ballarat West up to and beyond 2030. It will cater predominately for residential growth and has the capacity for over 14,000 new households, accommodating a population of 35,000 to 40,000 people.

The plan also provides for new town centres in Alfredton and Delacombe, community infrastructure, recreation and sports grounds, and direction for the development of a future residential community.

Applications and building approvals continue to increase in volume for Ballarat, indicating the regions strength in the domestic building sector.

Similarly, the commercial sector is enhanced by ongoing industrial estates in Ballarat West and major infrastructure developments within the health sector. Overall Ballarat's construction sector is one that continues to provide a significant boost to employment and ongoing investment.

The total output of the construction sector is $847 million which represents 8% of total output of the Ballarat Economy. Total employment in this sector is 2,112 jobs. Key features of the sector include a diverse range of enterprises that seek out contracts locally, regionally and nationally. $115.4 million is generated by this sector in regional exports.