vs housingtargets.
For the first time we see a holistic picture of real development capacity over the coming decade – in greater detail than the simplified assessments we often see from government planning departments. And the picture is not pretty, with a near-400k dwelling shortfall projected compared to need.
Put simply: every major city/region in Australia is well short on the land supply needed to meet #housingaccord and state targets. Sydney will have the greatest shortfall, followed by SEQ and Greater Melbourne.
The barriers mostly boil down to: 🚫lack of zoned land 🚫incomplete strategic planning processes 🚫outstanding environmental approvals 🚫missing enabling infrastructure or utilities.
And almost a third of identified urban land has fundamental constraints due to environmental or other factors – meaning it cannot ever be developed.
The NHP report is also focused on total supply – it does not consider feasibility. In practice you need an over-abundance of land and approvals on the number to reach delivery targets which makes the picture worse.
Fixing the problem will require: ✅ rapid fast-tracking of all planning processes – zoning, development and building approvals – and without additional regulatory imposts ✅significant enabling infrastructure investment ✅replacement of constrained land with additional unconstrained sites ✅finding ways to reduce development costs ✅saying "yes"
🤔Industry has been warning about this looming problem for a long time, so the results don't come as a surprise. Even acting now is too late, let alone delaying further!