Tim Pallas (left) with Baw Baw mayor Joe Gauci in Drouin earler this month.
Drouin’s proximity to Melbourne and house prices make it an ideal place for first home-owners, according to Victoria’s Treasurer.
Speaking earlier this month at the site of the future Drover’s Landing development, which will feature over 1,800 housing lots with provision for schools and other family facilities, Tim Pallas said towns like Drouin offered great opportunities for those looking for their first home.
“Drouin, in many ways, is an embodiment of why you can get the best of both worlds when it comes to first home ownership in regional and rural Victoria,” Mr Pallas said.
“It’s really a demonstration of how our Homes for Victorians policy is actually working.”
Mr Pallas said increases in the value of Victoria’s first home-owners grants and changes to stamp duty have boosted developer confidence in the region.
“What we’re seeing is a big take-up on the state’s first home owner grants,” he said.
“We doubled the grants about six months ago from $10,000 to $20,000, and what we found as a consequence of that was a more than doubling of the take-up from first homeowners, from 394 take-ups in the six months preceding that, to in the last six months over 1,000 first home owner grants.
“It has helped make the business case for the developers here.
“The other great advantage is the comparative price of housing in rural and regional Victoria, and of course here in Drouin.”
A version of this story first appeared in the 25 February Baw Baw In Brief, which you can watch in full here: