Commentary
Housing supply, planning, tax and feasibility — analysis written by Max and republished from LinkedIn.
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FeasibilityThe raft of property and investment taxes introduced by Labor has destroyed housing and…
“It’s galling to see the government that made these poor decisions in the first place act like it is delivering the solutions.” Treasurer Colin Brooks announcing what is a mere tweak of the rules of just two taxes…
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Roughly 56,000 homes were built in the year to June, 10% below the prior decade average. Against a target of 80,000. Meanwhile rents continue to climb, hitting a record $600 a week.
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Presumably somebody has the key, because the infrastructure it unlocks does not arrive until 2055. The Victorian Government has just announced the Fishermans Bend Development Contributions Plan (DCP).
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The Covid Debt Levy landtax was to raise north of $5.65bn by the end of this financial year. Department of Treasury and Finance, Victoria have it landing nearer $4.67bn, a $984m shortfall.
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Why? Because commencements – the number that decides what gets built – have just peaked.
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August 2026: total approvals fell 6.1% to 16,953 in seasonally adjusted terms. In the raw original terms, 16,968 against a revised 19,277 in July — down 12%. And here is what the headline hides.
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It was a failure of feasibility. Two years on from much-lauded missingmiddle reforms, just 3,333 of the promised 112,000 housingtargets homes hold an approval.
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It is a marketing piece. Forty years of challenges, and every one happens to have been solved by measures recently legislated by this Federal Government?
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New data from Revenue NSW : $631 million in residential stamp duty collected in August 2026: down 24 per cent on a year earlier. Sale volumes fell 18 per cent – a third straight month of decline.
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We were told in the May Federal budget that changes to the tax regime would encourage capital to flood into new supply.