Commentary
Housing supply, planning, tax and feasibility — analysis written by Max and republished from LinkedIn.
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The Victorian Government is set to announce the new work program for the Victorian Planning Authority (VPA) which will eventually lead to new a swathe of new greenfield land releases.
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Hot on the heels of announcing 50 high-density activity centres across Melbourne, the Victorian Government has followed up with the re-introduction of off-the-plan (OTP) Stamp Duty savings.
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Today’s announcement of 50 areas for fast-tracking high-rise apartments means the Victorian Government’s ideological vision is now complete.
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Councils are already doing everything they can to solve the housingcrisis.
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Prices virtually flat for three years – well down in real terms For Sale listings elevated – circa 34% above 5 year average Why?
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An interesting messaging pivot from the Victorian Government around SRL in response to the growing housingcrisis. SRL East is said to support 70,000 new homes across the six stations.
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Overall approvals for Victoria for August were at 4684, a near 10% drop from July.
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Why do I call it a waste? Because the lack of feasibility means most of the 10 are not areas people would choose to live in an apartment.
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What would changing the rules do to housing supply?
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Are you likely to buy a brand new car cheaper than the previous model? We know that never happens.