The Weekly Advertiser – Wednesday, January 31, 2024

Page 1

Vol. No. Vol. 2618No. 2927

Wednesday, January January 31, 13, 2024 2016 Wednesday,

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FLIPPING FUN: Luke Bowler, of the Southern Waters Ski Show Team, makes a splash on the Wimmera River in Horsham on Friday. The show team wowed crowds during two shows on Australia Day. For more pictures, visit theweeklyadvertiser.com.au Picture: PAUL CARRACHER

Building a future T

BY ABBY WALTER

hree Wimmera communities are the frontrunners of a new housing innovation blueprint that aims to increase housing options in rural towns. Wimmera Housing Innovations, established by Wimmera Southern Mallee Development, has worked with Murtoa and Minyip progress associations and Donald 2020 to form housing innovation companies in the respective towns. WSM Development chief executive Chris Sounness said Wimmera Housing Innovations was supporting the organisations to activate housing plans in their towns.

He said the for-profit company was in discussion with many communities across the region and plans for Murtoa, Minyip and Donald were most progressed. “The purpose of Minyip, Murtoa and Donald housing innovations is to build houses in the towns, and they are progressing along at an exciting rate,” he said. “All three companies are called ‘special purpose vehicles’, and they are about to engage with their communities to start thinking about how they might raise money. “They have business plans and housing plans in place, and they know how much money they need to raise.”

Mr Sounness said the projects were in a $1.5 to $2 million range, with a plan to raise some of the funds and apply for loans. “The projects have come about because most communities in our region realise governments are not going to save them, property developers are not going to save them – so they have to do it themselves,” he said. “However, the challenge of building houses as a community is there are a lot of capabilities needed, so that’s where Wimmera Housing Innovations plays a part, with business plans, legal agreements and property development pieces. “Then, the community can do what

it does best, which is volunteering, making sure the community is engaged and working out where the money will come from. “The money will be the hardest part. If you’re going to start raising money from the community, you have to do it the right way and people need confidence their money is safe and being invested well.” Mr Sounness said the project outcome would be a community dividend after many years of under-investment in housing in western Victoria. “For example, if you are involved in agriculture, people are always wanting farm workers and there’s growing realisation an abandoned farmhouse

that hasn’t been lived in for 20 years doesn’t have much appeal to attract a worker or their family,” he said. “But, having a modern place to rent in town does. “If we can get more houses, it means farmers can more easily employ workers and other businesses in town can do it, too. “It’s not going to solve all the problems, but we have to start somewhere – it’s the first step and it’s really exciting.” Mr Sounness said the innovations companies would be controlled by the Australian Securities and Investments Commission. Continued page 3

IN THIS ISSUE • Rail corridor progress • Monthly AgLife • Basketballers impress Phone: 03 5382 1351 Read it online: www.theweeklyadvertiser.com.au

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