Commentary
Housing supply, planning, tax and feasibility — analysis written by Max and republished from LinkedIn.
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Despite the sell none of this is particularly new.
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Banyule City Council has rejected a permit for an apartment block using one the Victorian Government’s Future Homes designs.
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The goal: 2.24 million new homes by 2051, with each Council required to put in writing exactly how they will reach their mandated target by October 2026 – or expect a rap on the knuckles from Jacinta Allan.
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It’s popular with the voting public, but how much difference will this make to house prices?
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BEULAH have put their STHBNK into voluntary administration due to the challenges of building apartments – cost increases, slow sales, finance costs.
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Images of “enormous” homes on small blocks with no vegetation?
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They were little more than political announcements designed to sell the idea that housingsupply was finally being taken as a serious issue.
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That’s how it works in many parts of the world, such as the USA.
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After all, commencements tell you what will be completed in future. The September QTR 2024 saw 14,193 dwelling starts in Victoria.
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Against needing 60,000 completions per quarter to reach 1.2m homes over 5 years, the September 2024 quarter recorded just 44,884 completions per the Australian Bureau of Statistics.