A year ago Mt Barker’s retail centres seemed to be struggling with empty shops in the main street as well as the main shopping centre and the Mt Barker Homemaker Centre.
Now the town is on the cusp of a retail boom with over $13.5m in developments and expansions planned that will dramatically alter Mt Barker’s commercial landscape.
Gawler Street shops are full, as is the Mt Barker Central Shopping Centre and the Homemaker Centre.
Mt Barker, it seems, is bucking the trend of a sluggish national economy.
The move by three separate developers to pursue major developments in the town centre and beyond is a good sign that the town’s economy is on a healthy path.
No investor is going spend millions unless they are confident of a good return on that investment.
As Business Mt Barker chairman James Sexton highlights, many are realising that Mt Barker’s booming residential growth makes it ripe for commercial and retail development.
There has long been an appetite amongst local residents for more local shopping and service options. And it appears that if investors build them, customers will come.
According to Mr Sexton, two new petrol stations at Littlehampton and Mt Barker took in more than double their expected income on opening recently – a sure sign that more people are buying their petrol here.
That may have been aided by the fuel price reduction that the extra competition has brought with it, but it does show that if the options are there, locals will shop locally.
This retail boom is exactly what the district needs to kick start local jobs growth.
With more new businesses will come new local jobs and that in turn will spark a need for new services.
Doctors, childcare centres, pharmacists, dentists, even Government agencies and departments may well be enticed to set up in the town to cater for the more localised population.
If the region can also attract new industry and technology-based businesses, it will be well on its way to becoming more self-sufficient by providing local jobs that generate local income that in turn can be spent in local shops and services.
In a Snap