Latrobe (Churchill, Moe, Morwell and Traralgon)
These estimates of the number of years of supply are based on the average rate of lots released over a longer-term time period (between January 2018 and June 2022) and a shorter-term time period (between January 2020 and June 2022).
Recent population trends
Over the last decade, population in Latrobe has grown by 3,300 people to reach a population of 77,000. Around 330 dwellings per year have been built over the last 10 years to accommodate that population growth in smaller greenfield developments and infill sites. Traralgon has accounted for most of the population and dwelling increase.
Greenfield land is made up larger lots commonly referred to as englobo land supply. It is classified as either:
- unzoned future residential land; or;
- zoned future residential land.
At end of June 2022 there were an estimated 9,502 retail lots in zoned englobo greenfield land. There were no major residential infill sites identified.
Estimated retail lot supply, June 2022
Retail lots released with a title
Between 2018 and 2021 retail lot production has been averaging around 210 lots p.a. Since 2018 the level of retail lot production has been varied. In the first half of 2022, 186 lots have been released in Churchill, Moe, Morwell and Traralgon.
Greenfield retail lots with a title, 2015 to July 2022
Size of greenfield retail lots
Since 2015 the majority of lots have been over 500 m2 with most years, including 2021 and the first half of 2022, having more than 60% of lots over 650 m2.
Size of greenfield retail lots with a title, 2015 to July 2022
Estimated retail lot yield by englobo lot size
Page last updated: 24/10/22