Victoria's three-month pilot lets housing projects be lodged directly with the state, cutting approvals that can run five years. Projects must exceed two hectares; rezonings with an uplift above $100,000 attract the windfall gains tax. Intrapac chief executive Max Shifman called it limited to a handful of sites.
As I told the Australian Financial Review: “[It] would apply to a handful of sites within metro Melbourne, such as a few golf courses, given the extensive exclusions”
I also said: “Smaller industrial sites across Melbourne aren't, for the most part, worth rezoning in Melbourne currently due to their high value thanks to limited supply and the windfall gains tax. [It's] an incremental positive, but huge opportunity lost to look more closely and critically at land supply for employment and housing purposes in well-serviced areas across greater Melbourne and regional areas.”
Australian Financial Review, 17 September 2025 — Read the full article