Fast-track scheme labelled a $600m black hole

Victoria's 2020 Fast Track Program promised $18.8 billion in activity, 89,200 homes and 100,000 jobs, but of 19 projects 13 were approved and none met timelines. The 3200-home Kinley Estate at Lilydale stalled; buyers face $600 million in extra costs. Intrapac's Max Shifman wants state-run approvals.

As I told The Age: “No one cares how much zoning capacity the government has created unless you can actually get shovels in the ground,”

I also said: “The state needs to report good participants like us that make significant investments and actually help us facilitate rather than be all care and no responsibility.”

Fast-track scheme labelled a $600m black hole
Fast-track scheme labelled a $600m black hole (page 2)

The Age, 8 April 2026Read the full article