Commentary
Housing supply, planning, tax and feasibility — analysis written by Max and republished from LinkedIn.
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Planning reformThe Herald Sun today with some strong reporting on Victorian Government’s approach on housing.
Unsurprisingly, housing affordability is now a key issue for voters per RedBridge Group Australia polling with 69% rating the government’s performance on housing affordability as Poor or Very Poor.
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Just 54,921 multi-res starts are expected for the whole of FY2025; I would not be surprised if this ended up lower. The current figures represent a low base which will certainly improve – eventually.
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Must be at or below what the market will pay for said dwellings. Simple, right?
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The disconnect between Sonya Kilkenny’s aspiration for good-quality, affordable housing “in the right places” & the economics of doing so are only growing.
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Simply name the biggest, almost plausible number you can think of for a headline to make it seem like you are doing something, then do virtually nothing to achieve it.
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It certainly hit a nerve with many others who have had similar experiences with authorities.
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All the panelists pointed to the need to improve new housing supply as the primary solution, but painfully little was discussed about how it would actually be achieved.
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We need to install some chainlink fencing on one of our sites. Currently zoned Industrial, part of the land sits in a Land Subject to Inundation Overlay (LSIO), requiring referral to Melbourne Water.
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From a developer’s perspective, we welcome greater certainty and removing debate on both subjective and objective aspects of applications.
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Pandemic Spike We have come off a big spike in demand during the pandemic. This set a new high bar for growth which was unlikely to continue.