Supporting workers to make a move to Victoria's Great South Coast08/07/2021
The Victorian Government is backing businesses and industries in the state’s Great South Coast to attract critical workers through new investments to tackle housing shortages and other barriers to regional workforce attraction.
The Government today announced a $5 million investment in new Regional Workforce Pilots which would be strategically located across the state to help regional and rural communities attract the workers they need to grow.
While the local economy benefits from strong demand for housing filled by visitors, this has impacted the cost of market rents with increases of up to 10 per cent in some parts of the region in the 12 months to March.
The pilots will include $2.28 million towards initiatives within the Great South Coast including funding to establish new infrastructure to create more private residential development in the Simpson and Timboon townships.
The pilots will build on new Government investments in initiatives along the Great South Coast designed to create more jobs and attract more workers to the region, through the Regional Recovery Fund.
This includes a $465,000 investment in the Koroit Caravan Park Workers Accommodation initiative which will support the Moyne Shire Council to provide five affordable housing units at the council-managed Koroit Caravan Park, with a focus on accommodation for short-term workers.
The Government is also investing $80,000 to create a road map to advance the findings and recommendations a recent Key Worker Housing report that found challenges within the housing market included a lack of returns high enough to attract developers.
This has contributed to a minimal growth in stock and a mismatch between housing supply and key worker housing need, with flow on effects to the ability to attract and retain key skilled workers to the region. In addition, infrastructure costs can make development unviable due to lower asset values and slower turnover of housing units
The Regional Workforce Pilots are part of the Government’s almost $30 billion investment in regional and rural Victoria since 2015. Other pilots will be located within Victoria’s Grampians region, the Alpine Shire in the north east, and at Robinvale in northern Victoria.
It builds on the Government’s historic $5.3 billion Big Housing Build to construct more than 12,000 new secure and modern, social and affordable homes throughout the state – with $1.25 billion being invested in regional Victoria.
Quote attributable to Great South Coast Regional Partnership Chair Lisa Dwyer
“The Great South Coast Regional Partnership has prioritised the need to address the mismatch between housing supply and demand for accommodation for key workers, as this impacts the ability to attract and retain them to the region.”