& COMMERCIAL LAND
The Mildura-Wentworth region provides substantial opportunities
for industry expansion and new investments, offering land for
industrial, residential and commercial development.
A number of longer term strategies have been identified by the
Mildura Rural City Council, including provision for retail and
commercial investment for the Riverfront precinct. Further
strategic work on residential development has also been done
through the Mildura Housing & Settlement Strategy, which was
completed in December 2013.
Mildura Rural City Council
The Loddon Mallee North Draft Regional Growth Plan supports
the development potential of the Mildura region, highlighting
positive growth projections as well as the considerable amount
of land available for development. (Department of Transport,
Planning & Local Infrastructure, 2013)
In total there is in excess of 25 years industrial zoned land across
the municipal area of Mildura based on the average annual rate
of land consumption in the period 2003 to 2011.
(Urban Development Program Regional Industrial Report 2011)
Mildura Rural City Council adopted the Mildura Housing &
Settlement Strategy in December 2013, which provides
impetus for residential growth for the next 20 years right
across the municipality.
The Mildura region provides a more affordable residential
product, with median prices for houses, land and rural/lifestyle
lots significantly below median prices for regional Victoria.
The Mildura region accommodates a diversity of residential
development, including niche property developments such as
Dockside Mildura and Fairways Mildura, as well as opportunities
for medium density through to low density.
(Hansen Partnership, 2013)
With the ability to opt for rural town living or regional city living,
residential property supply is plentiful as has been quantified by
Mildura Rural City Council, with an estimated 20 year supply of
zoned stock. (Regional Urban Development Program - Mildura)
Commercial and Retail
Mildura Rural City Council adopted the Mildura Retail Strategy
in 2010. The area of retail floorspace is estimated at 150,000m
as at February 2010. This includes:
• Mildura CBD
• Mildura Central and adjacent new retail developments
• Fifteenth St Homemaker Precinct
• Neighbourhood Centres in Urban Mildura
• Town Centres of Merbein, Red Cliffs and Irymple
• Local shops and stand-alone stores
Within the trading area, retail spending is forecast to increase
between $1.4 billion and $1.5 billion by 2025. Over the next
10 years, the region could support another 60,000m
floor-space, of which 40,000m
is likely to be in conventional
retailing and 20,000m
in a homemaker centre or precinct.
2014 Regional Overview