Commentary
Housing supply, planning, tax and feasibility — analysis written by Max and republished from LinkedIn.
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FeasibilityThere’s a world of difference between setting a lofty housing target and delivering on it.
As Jeroen Weimar noted, around 70,000 new homes were completed in Victoria in the first 14 months of the housingstatement. Approx.
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15,498 dwellings were approved in October across Australia – 9,191 houses and 5,859 units.
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We’ve witnessed a slow, steady and universal decline – across timeframes, tax settings, costs and general regulation.
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The primary changes, agreed in exchange for 10% “affordable” dwellings, five-year leases, and banning of “no-fault” evictions…
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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.
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I like the policy but it won’t improve housingsupply as much as Victorian Government might like.
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As Rob correctly points out, viability or feasibiilty is the main issue for apartment projects, not planning as some believe it.
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Simplify developer contributions. Announce location for 1000 social housing units.
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Ostensibly more “certainty” about greenfield release timeframes (vs. the current VPA work plan approach) – 18k p.a. target, compared with demand being over 20k p.a. in stronger markets.
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The Victorian Government spent the last week releasing a host of major announcements aimed at addressing the pressing issue of housingsupply and affordability.