Developers blame slow planning for undersupply while Prosper Australia claims 65 per cent land banking in three Melbourne developments. UDIA national president Max Shifman rejects that, saying planning systems, capital and labour constraints hold up supply and more must be done across all levels of government.
As I told The Age: “If you can sell and deliver [a development] faster, your rate of return is better than if you drip-feed a few lots a year,”
I also said: “A lot more needs to be done across all levels of government.”
The Age, 17 May 2022 — Read the full article