A major water project at Elliminyt to help unlock hundreds of urgently needed residential lots has received a $3 million boost.
The State Government has announced funding for the Elliminyt Wetlands project and upgrade of the Irrewillipe Road Retarding Basin, which will support the release of approximately 300 residential lots for new residential land.
Affordable housing is a major barrier to drawing workers to Colac, with rental vacancies at 0.03 per cent and some local businesses resorting to bussing in staff. Opening up this area for residential housing will have a significant impact on the local Colac community with positive flow-on effects for the wider region.
The upgrade of the Basin will also deliver much needed amenity to the community with the development of a natural parkland setting providing open space for recreation, improving the liveability of the area.
In addition to unlocking housing lots in Elliminyt, the project will have positive environmental impacts, improving the quality of stormwater entering Lake Colac and potentially providing water to nearby sporting facilities including Colac Racecourse, Colac Golf Club and Elliminyt Recreation Reserve.
