Two new flagpoles will be erected alongside Lake Wendouree's Australian flag at View Point.
The popular area, which is currently under construction, will soon house an Aboriginal and Torres Strait Islander Flag as well.
Ballarat councilor Belinda Coates said the project is in support of first nation communities.
"It just makes sense, whereverer there is an Australian flagpole there should be aborigional and Torres Straight Islander flags as well, so we are just catching up," she said.
The project is a council initiative.