I've been looking into the future supply for the Moe/Newborough area.
Reviewing the structure plan available online, it appears there are a few greenfield developments sites that may significantly increase the population in Moe. Obviously, this is subject to approved planning permits/purchases by buyers/investors and the sites actually being developed.
The area of greatest growth opportunity is around Lake Narracan. On the image attached below, as I understand from research; the Lake Narracan Report is already underway with pre-sales (stages 1 and 2 sold out), the Monash Views development at the Newborough Golf Club is almost 80% pre-sold, the Narracan Lakes redevelopment is currently selling and the Waterloo Road development is currently in town planning. I haven't seen anything to date about the Haigh Street greenfield redevelopment or the remaining identified land to the west of Lake Narracan.
See below links to each greenfield development:
https://www.narracanlakes.com.au/https://monashviews.com.au/https://www.lakenarracan.com.au/In my opinion, surely the increased population will result in improvements to the Moe/Newborough township through council investment and businesses moving into the area / increased business opportunities. Subsequently increasing the surrounding property values.
Your thoughts?
