Mitchell

As measured from July 2006 to March 2012 residential building approval activity within the municipal area of Mitchell has averaged 425 per annum. The amount of building approval activity as measured on an annual basis has been relatively inconsistent, approvals peaked at 576 in 2010-11 and troughed at 241 in 2007-08.

Projected dwelling requirements sourced from Victoria in Future 2012 indicate that from 2011 to 2026 there will be a total dwelling requirement of 4,696 (313 average per annum) for Mitchell. This does not include dwelling requirements for the area within the Urban Growth Boundary, which includes Wallan (south) and Beveridge.

In total (excluding existing vacant residential lots) there is a residential supply of 7,364 potential lots.

In terms of zoned broadhectare and major infill residential land stocks it is estimated based on the identified supply and projected demand for the Shire of Mitchell (outside of the Urban Growth Boundary), there are sufficient land stocks to satisfy 15+ years of future demand.

Within the Mitchell Shire there was a total of 300 hectares of zoned industrial land as at March 2012. Of this land, 111 hectares was available for industrial development. The majority of industrial land across Mitchell Shire is zoned Industrial 1, with a small parcel of Industrial 3 located in Kilmore.

Based on analysis of aerial photography and stakeholder consultation, the consumption of land for industrial purposes has averaged 1.8 hectares per annum between 2004 and 2012.

In total, there is in excess of 15 years of industrial zoned land within the municipality based on the average annual rate of land consumption in the period 2004 and 2012