Our Backyard – Apollo Bay

Good afternoon Apollo Bay

General

This year’s theme, ‘everyone has a story’, is kicked off with a Life Writing workshop facilitated by the wonderful Lee Kofman and sponsored by Writers Victoria (SOLD OUT).

Then, boosted by the Brexit vote, Apollo Bay debates the option to secede from Australia—hosted by Isobelle Carmody.

Sunday morning there are limited places for a spoken word workshop run by Hip Hop artist, Morganics.

In the afternoon the well known and loved Warm Winter Words featuring Emilie Zoey Baker, Lee Kofman and Robynne Nelson.

The weekend closes with Ab Slam, Apollo Bay’s first poetry slam, hosted by the international prize winning Emilie Zoey Baker.

Tickets are available through the Apollo Bay Writers Festival website or from Galapagos Bookshop or Bay of Apostles, both in Apollo Bay.

Premium Property

37 Seeberg  Court Apollo Bay

37 Seeberg Court

Luxury 4 bedroom family residence over 2 floors.

Light-flooded layout, providing spectacular views.

Equipped kitchen with Caesar stone work tops.

Polished Victorian ash floor boards, several entertaining decks.

Large double garage/workshop, lift to all floors.

A tribute to sensational architecture and high quality finish.

Lifestyle Property

4/137 Great Ocean Road Apollo Bay

004_Open2view_ID370112-4_137_Great_Ocean_Road__Apollo_Bay

Absolute beachfront view of harbour.

Two bedroom lifestyle property.

Open plan kitchen/living area.

Balcony that overlooks Cape Patton and beach.

Cafes/restaurants on your doorstep.

Perfect for holiday rental or permanent residence.

In Focus

Please find enclosed the Economic Assessment Report for the future development on the Great Ocean Road, showing the benefits to the local and regional growth of such development.

Key Findings

The key findings regarding the proposed residential development in Apollo Bay are summarised as follows:

1                Apollo Bay’s population is expected to increase from 1,165 persons in 2016 to 1,235 persons by 2031, representing a net increase of +70 persons at an annual rate of +0.4% over the period.

2                Official forecasts prepared by the Department of Environment, Land, Water and Planning (Victoria in Future 2016) indicate that the number of dwellings in the Apollo Bay – Gellibrand District is expected to increase from 3,665 dwellings in 2016 to 4,040 dwellings in 2031, representing a net increase of +375 dwellings over the period. This number includes dwellings for permanent residents and ho0liday houses. In addition to growth in the number of permanent residents and holiday houses, this increase in the number of dwellings is also driven by a declining average household size.

3                The main drivers of the township’s population growth include ongoing demand for coastal living, attractiveness of Apollo Bay as a tourism destination, increased tourism development and visitation in the broader region, and significant land supply constraints along the Great Ocean Road which make Apollo Bay one of the few realistic possibilities for larger-scale residential development.

4                Colac Otway Shire has identified the subject land as the main residential development option for Apollo Bay due to the site’s excellent locational characteristics.

5                Apollo Bay is one of only two urban centres in this part of the coast identified for future urban development (the other being Torquay). It will be important to ensure that Apollo Bay can fulfil this role, especially as the subject site is identified for residential development.

6                Residential investment associated with the project (including land and dwelling costs averaging $920,000 per dwelling/land) would be expected to total approximately $155 million in 2016 prices. Of this amount, dwelling construction and lot services would involve an investment estimated at approximately $104 million. This construction would involve 33 direct FTE jobs per year over a seven-year construction period, and with a further 53 jobs created in the wider economy through the employment multiplier effect.

7                The potential population of some 340 persons (expressed in terms of equivalent permanent residents) accommodated on the subject land would generate household spending estimated to be in the order of $11 million per year, with much of this spending directed to shops and other service providers in Apollo Bay and in other parts of the surrounding region.  This spending would directly support an estimated 110 Full-Time Equivalent (FTE) jobs or up to 150 casual, part-time and full-time jobs. Many of these jobs would be supported in Apollo Bay and the surrounding region. When the employment multiplier is taken into account, a further 100 or so FTE jobs would be created in the national economy.

Conclusion

Development of the subject land would be important in generating positive economic development outcomes for Apollo Bay, Colac-Otway Shire and other coastal communities in the region, particularly as only very limited residential development opportunities exist in the township and along much of the Great Ocean Road. The contributions to local and regional job supply will also be important, especially as resident labour force numbers will continue to increase, both locally and in the surrounding region.

Have a great weekend
Darren1-300x200

Darren Brimacombe

0418 317 424

darren@greatoceanroadrealestate.com.au

https://www.facebook.com/apollobayrealestate

https://twitter.com/apollobayhomes

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