A number of recent residential land sales in Collie has highlighted growing confidence in the historic South West town, with buyer interest and economic activity growing in the wake of a key State Government commitment to investment in the area.
Three DevelopmentWA lots at Buckingham Way residential estate, ranging from 677sqm to 928sqm, will settle in the coming weeks.
Located minutes from Collie's town centre, Buckingham Way features land to support a range of different lifestyles – small cottage-style, larger homesites of more than 1,000sqm, and R30-zoned grouped housing sites.
On completion, residents of the estate will be part of a well-planned community integrating parklands, walkways, cycle paths and adjoining bushland.
DevelopmentWA chief executive Frank Marra said a combination of Collie's natural attractions, expanding industry base and injection of financial support from the State Government had delivered a boost to the local market.
"Surrounded by forest, rivers and lakes, and less than an hour from the city of Bunbury, Collie offers an enviable lifestyle in the sought-after South West," he said.
"Once a small town, Collie has evolved into a thriving district centre – and with new tourism and technology industries emerging and State Government funding supporting the creation of new jobs and enterprise, we are seeing green shoots appearing."
Mr Marra said DevelopmentWA was also complementing the region's growth by providing land for new businesses at the Collie Light Industrial Area and Shotts Strategic Industrial Area.
"Through our work in and around Collie, we are helping to grow a strong local economy and a vibrant community – delivering land for living and land for jobs," he said.
The State Government's Collie Futures Fund, administered by the South West Development Commission and Department of Jobs, Tourism, Science and Innovation, will see the investment of up to $20million over five years to support the local economy and create jobs in the Collie region.
This fund is being delivered through two key programs:
- Collie Futures Small Grants Program
Providing up to $100,000 to businesses and not-for-profit organisations seeking to drive economic impact in the Collie region
- Collie Futures Industry Development Fund
Offering up to $2million in matched funding to support industry-led projects setting up or expanding in Collie.
South West Development Commission Chief Executive Officer Mellisa Teede said the recent land sales at Buckingham Way estate were a great indication of the growing level of activity and interest in Collie.
"The significant investment commitment made by the McGowan Government through the Collie Futures Fund is clearly having an impact," she said.
"Collie's potential as a destination for investment is becoming recognised, and this adds to the impetus as we continue to develop the region's capabilities and develop new opportunities in everything from tourism to advanced manufacturing and technologies."