Building Growth in Regional Victoria Outstrips Melbourne

Wodonga. Photo: TruPics

Regional and rural Victoria has recorded higher growth rates for building than metropolitan Melbourne, according to data from the Victorian Building Authority.

Wodonga is the fifth highest performer, with Wodonga Council issuing 995 building permits in the last financial year (up 14 per cent), accounting for $210.8 million in works.

Regional Victoria’s building growth rates increased 6.9 per cent on the previous financial year, while building in inner and outer Melbourne rose 3.4 per cent.

Wodonga Mayor Anna Speedie said the city has continued to attract significant investment and development over the past year.

“We’ve seen great progress in the opening of the new Woolworths site, and the Mann Central development taking shape, as well as the announcement of a $25 million XLam timber factory – the first of its kind in Australia,” Cr Speedie said.

“This unprecedented flow of private investment and confidence into our city is creating vibrancy, unique offerings and new jobs, and this continued growth is testament to the confidence in our growing city.

“We can see our city changing for the better and the council will continue to support investment in the region.”