Merimbula is located on the South Coast of New South Wales and is part of the Bega Valley Shire. The area has been experiencing a steady economic growth in recent years which can be attributed to a number of factors, including an increase in tourism, investment in infrastructure, and the rise of new industries.
Tourism has been a major contributor to the economic growth in the area, with an increasing number of visitors flocking to the region to enjoy its stunning beaches and natural beauty.
The Bega Valley Shire Council has made significant investments in tourism infrastructure, including the expansion of the Merimbula airport to allow larger planes to land. Qantas has now joined REX airlines and provide regular services from Sydney and Melbourne to Merimbula.
Other major investments to infrastructure include;
$8 million on new Boardwalk
$7.5 million Twyford Theatre upgrade
$3.7 million Lake Street Walk
Commercial investment is on the rise as well with a number of major developments slated for the town including 2 residential major apartment buildings, a 5 star resort and a new over 55 living area. The retail CBD is also getting attention with a new development application in for a new retail shopping building with 50 apartments above. According to Our Merimbula the Merimbula Shopping District come back to life stating that In January 2020 there were 25 vacant shops in Merimbula, and in 2022 there were only 6.
The rise of new industries like Mountain Biking tourism will also play a significant role in the economic development the area. The Bega Valley region is quickly becoming a popular destination for mountain biking enthusiasts. Tathra Mountain Bike Park already exists with over 50 kms of graded trail and more than $8 million being invested in to the new Eden tracks with 50 kms of gravity oriented trail network.
This continued investment and development in Merimbula and the surrounding region means that the local businesses and community are positioned for continued success in the future.