Victoria Lists Ballarat GovHub for Sale

  • By Peter Gordon
  • 28 Aug, 2019

Ballarat has been on our radar for some time now,  and we already have clients in the construction phase of their investment houses.  With  the   surge   of   infrastructure   projects   and affordable   living   options compared to Melbourne ,  this has created a great   opportunity   for homeowners and investors alike to purchase in Ballarat. The article below talks about one of the major employment strategies that the Govt is planning to make Ballarat even more appealing to families looking to relocate.

The Victorian government’s development arm has listed the Ballarat GovHub in a deal that will eventually see the new public service building leased back to the state.

The $100 million construction project currently under way is one of the Andrews government’s key planks at reviving the Ballarat CBD and boosting decentralisation of the government workforce by placing 1,000 jobs in the multi-storey building adjoining the Civic Hall.

The Andrews government has provided an ­additional $47 million in funding to support the shift of 600 public service jobs from Melbourne into the new complex.

The sale of the new building ⁠— led by Development Victoria in partnership with Regional Development Victoria, the Department of Premier and Cabinet and Ballarat City Council ⁠— could return close to $115 million for the state consortium.

Plans to sell the Civic Hall site — which is situated on crown land — and then re-lease it comes after a subdivision was granted in March to separate Civic Hall land from the GovHub portion by the Office of Surveyor General Victoria.

The GovHub design includes an active ground floor space, incorporating the bricks and masonry theme of the Civic Hall precinct and a reconstructed lower hall space for multi-purpose use, a glass conservatory linking the Civic Hall to the GovHub.

The five-storey project will have four upper levels of office space comprising 10,843sq m of office net lettable area.

The John Wardle-designed development, located 300m to Ballarat Central train station, will also have two levels of basement with about 212 car parking spaces and modern end-of-trip facilities.

The project is being built by Kane Nicholson along with engineering consultants AECOM using mass timber.

Agents from CBRE and Cushman and Wakefield will manage the sale process but would not give a timeline on the sale, claiming protection of commercial-in-confidence and giving equal opportunity for all prospective buyers.

Construction of the Ballarat GovHub is earmarked for completion by the end of 2020. Once complete the Victorian Government will enter into 20 long-term lease arrangement with the eventual owner of the GovHub.

Article courtesy The Urban Developer 22/8/19

Where else can you find house and land packages from under $450,000 with such high growth potential!!


If you'd like to find out more about the opportunities in Ballarat  please contact the Investo Team   





By Peter Gordon April 26, 2023

Quiet simply, the Palms is the place to buy!

The northern beaches of Cairns is the Nation's best location for property investors right now, and The Palms is the premier development in this boom region.

It has the best location being elevated and backing onto the rainforest. It will have amazing facilities with a shopping village, a primary school, parks and green open space, a water park and an expanse of wildlife corridors.

It has taken the developers three years to get planning approval for this unique development to be able to hit the market. There are only 300 lots spread across 85 acres of the best land in The Northern Beaches.  Residents will have an abundance of open space right at their doorstep.  The Palms is also the only Certified Enviro Development project in Far North Queensland.

> Cairns Snapshot

By Peter Gordon April 20, 2023

Sydneysiders and Melburnians, put aside your equally outstanding flat whites for a moment. Stop bickering about whether great beaches beat cool laneways (they do) and desist from debating whether all baristas require waxed moustaches (ideally).

Because Brisbane is closing in on the title of Australia’s best city, and we must join forces to keep this subtropical upstart in its place.

Time  magazine recently named Brisvegas on its “World’s Greatest Places” list, and omitted our cities. It’s a huge shock (and who knew they still published Time  magazine?). But they might be onto something.

Time  points to the 2032 Olympic and Paralympic Games, which will be hosted in the maroon metropolis. Brisbane will do a fine job, even though it’ll baffle the world when rugby league is added to the schedule and Queensland is allowed to field its own team.

Time’s  most radical claim is that Brisbane is worth visiting now, but tourism is surging. Not only did Lin-Manuel Miranda recently drop in to catch Hamilton , but hundreds of Hamilfans flew up to watch his interview with Leigh Sales (presumably unaware that it would subsequently arrive on iView for free).


By Peter Gordon April 6, 2023
This small duplex development just a short drive from Hervey Bay on Queensland’s beautiful Fraser Coast, offers an incredible lifestyle at an affordable price. With unprecedented demand and very limited supply, prices look set to skyrocket.

A leading local agent has appraised each side of these duplex's to be worth $665k on completion and rent for $495 per week. So that is massive potentail instant equity of up to $390K on completion, which is incredibly hard to find.
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