Bendigo pushes for 3000 new homes near Ravenswood to boost local economy
What happened
A property developer is promoting a project to open land south of Bendigo for 3000 new houses. This development, located near Ravenswood, is being marketed to Melbourne buyers seeking a tree change property. The plan is set against predictions that Bendigo will grow by 87,000 people over the next 30 years.
Why it matters
The project is expected to generate $2 billion for the local economy and address housing shortages in Bendigo. The development aims to house over 10,000 people and includes infrastructure like recycled water for the community and excess water for Harcourt orchards.
Markets in Melbourne and Geelong are showing different results, while InvestorKit operates across Geelong, Ballarat, Melbourne, and Bendigo.
Who's involved
- MelbourneMelbourne buyers are seeking property in the vicinity of Ravenswood.
- BendigoThe regional city of Bendigo is the center of the proposed housing expansion.
- RavenswoodRavenswood is the location near Bendigo where the new housing is planned.
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The entities involved
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Melbourne
capital city of Victoria, Australia
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Ravenswood
railway station in the United States of America
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