New homes going up
Fifty-six new homes were given development approval in Berrigan Shire Council’s four towns in the last financial year, pointing to strong growth and interest in the Southern Riverina.
Berrigan Shire Council development manager Laurie Stevens said the home construction industry in Tocumwal had been ‘‘booming for a number of years’’.
He said paired with the introduction of the NSW Government’s housing affordability package — providing healthy financial incentive to buy or build your first home — demand will only rise.
Mr Stevens said the increased interest had already led council to ensure house blocks are ready for new residential developments, with subdivision projects being undertaken in both Tocumwal and Finley.
‘‘We suspect the Tocumwal building boom followed on from the Melbourne building boom,’’ he said.
‘‘A number of families from places such as Melbourne have looked at building in Tocumwal, learnt they can buy a block for $50,000 to $60,000, build their dream home, and still have money left over for superannuation.
‘‘On average Tocumwal builds 24 houses a year, but in the last financial year there were 26 — about 95 per cent of those new dwellings would have been erected.’’
In Barooga, 21 new houses were built in 2016/2017 while Finley saw five and Berrigan four.
‘‘The two river towns consistently draw strong interest for those wanting to build because of their great locations,’’ Mr Stevens said.
‘‘The towns will continue to grow and in Barooga the average number of homes built per year is 14, so to see a jump like that is fantastic for the region.
‘‘In the past year or two, Tocumwal has also seen a little spike in dwellings demolished.’’
Mr Stevens said a 107-lot subdivision has been approved for Tocumwal to cater for the increased interest, with the first stage of providing connections in the works.
He said the first 40 lots will be built in Bruton St.
‘‘In the late 1990s to 2000s, there was a surge in subdivision approvals in Barooga and Tocumwal, and most have been taken up in the past 10 to 15 years,’’ Mr Stevens said.
‘‘One area in Tocumwal is almost full, and council will continue to create more subdivision lots to stimulate growth.’’
In June this year, the council also released four more residential development blocks in Finley, as part of a long-running growth project.