Torquay at centre of multimillion-dollar funding push

A regional lobby group is pushing for tens of millions in state funding to revitalise key town centres across the region, with a strong focus on Torquay and central Geelong.

G21 is calling for a targeted renewal package, aimed at energising retail, creative and cultural precincts while supporting local jobs and economic growth.

In Torquay, a proposed $11.8 million upgrade to the primary retail strip would reshape the town centre, backed by a precinct plan to improve the public realm and allow apartments above shops.

The works would introduce a one-way road system, wider footpaths, new pedestrian crossings and upgraded streetscapes with furniture and planting.

Surf Coast mayor Libby Stapleton said Torquay’s town centre needed to keep pace with rapid growth.

“Torquay is growing fast and we are calling on the state government to strategically invest in our

town centre so it can keep pace,” she said.

“Improving this important public space and enabling housing above shops would help to create a more vibrant community centre, support traders and increase desperately needed housing supply in the heart of town.”

The Surf City precinct in nearby Baines Crescent would also receive a precinct plan to guide future development across public and private land, including accommodation, housing, retail and hospitality. Its combined planning cost is estimated at $700,000, with the Surf Coast Shire to contribute $25,000.

Commerce Torquay chair Sarah Minter said local traders were urgently seeking a much-needed upgrade to the area.

“Local traders depend on people wanting to spend time in Torquay to support their businesses,” she said.

“A vibrant and well-designed town centre that reflects the energy, character and identity of the community is essential to attracting visitors and encouraging longer stays.

“Improved public spaces would make a real difference, strengthening the visitor experience and supporting local economic activity.

“Local businesses have already demonstrated their commitment to Torquay, driving private investment and delivering high-quality products and services for both residents and visitors.”

In central Geelong, a $41.6 million investment would deliver key elements of the Central Geelong Framework Plan, including upgrades to Gheringhap Street, Market Street and the Green Spine block.

G21 chair and Colac Otway mayor Jason Schram joined Minter and Cr Stapleton in Torquay’s Gilbert Street last week to press the case.

Cr Schram said coordinated investment across the region’s CBDs was key to long-term economic strength.

“CBD revitalisation is about creating places where people want to live, work and invest,” he said.