City of Ballarat Growth Areas: 45 Estates [Oct 2020]

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Ballarat mainly features Ballarat West Growth Areas, which consist of 4 growth precincts defined by the Ballarat City Council, such as Bonshaw Creek, Greenhalghs Road (Winter Valley), Carngham Road (Alfredton) and Alfredton West (Lucas). As part of the Ballarat Strategy 2040¹, the region also aims to support a population of 200,000 by 2040. 

Ballarat West Growth Areas - City of Ballarat
Ballarat West Growth Areas - City of Ballarat²

 

Buyer Benefits in Ballarat

Due to the Ballarat City Council being categorised as a regional area city council, $20,000 FHOG (First Home Owners Grant) may be applicable for buying or building a new home at $750,000 or less³, alongside the existing stamp duty concessions for first home buyers.

The $25,000 HomeBuilder Grant from the Federal Government package may also apply if you enter the building contract by the 31st of December 2020 and intended to live in. More details can be found on the Treasury website https://treasury.gov.au/coronavirus/homebuilder.

 

References:

  1. Ballarat Strategy 2040
  2. Ballarat West Growth Areas - City of Ballarat
  3. FHOG for regional Victoria - frequently asked questions

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