Commentary
Housing supply, planning, tax and feasibility — analysis written by Max and republished from LinkedIn.
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Needing a lofty average of around 6,900 approvals per month, assuming 90% translate to housing starts, the rolling average for the first 12 months is languishing at around 3,800!
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The premise is my home State is outperforming others on housing. Here are six reasons this is completely wrong.
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The Victorian Government pushes on, despite the project very obviously going to cost substantially more and raise substantially less money than promised.
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Sold as a measure to unlock vacant housing in a housing crisis, it is simply another revenue-raising measure which presents a further reason for investors and developers to stay out of the State.
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It’s true to say that many of said apartments would have been negatively geared.
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That 1/3 will be funded by value capture, assuming the $36,700 million budget is retained?
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Despite an independent Planning Panel recommending inclusion of additional land to cater for growth, Sonya Kilkenny backed the NIMBY campaign, deciding town boundaries should be shrink around existing areas…
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The Victorian Government is trying hard to convey that SRL East will come within its $34,500 million budget.
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Yesterday, I posted about the first 10 Months of the Housing Accord period nationally. Unsurprisingly, the Australian approval figures are falling well short of targets.
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Stangely, it projects Victoria to be on track to achieve a decent 98% of its allotment, well ahead of the other States.