Commentary
Housing supply, planning, tax and feasibility — analysis written by Max and republished from LinkedIn.
-
Planning reformVictoria | Let’s have a show of hands, what is the worst tax and what’s your favourite tax ….
Our table was impressed that the Treasurer sat down for Q & A from the 200-strong audience; even if there were a few curly ones including one from ‘yours truly’ on GDP and population growth (noting that the Auditor-General isn’t an…
-
I’ve seen several posts on the National Housing Supply & Affordability Council’s State of the Housing System 2025 report.
-
High density BTR developments have been able to be completed without making Open Space Contributions. That’s anywhere between 5% and 9% of land value towards local open space.
-
In fact, it was an article of that very nature which sent me mad on LinkedIn in the first place.
-
It’s eyewatering to see the growth across so many State taxes – both old and newly introduced – on top of the increases in Federal income tax burden (due to no indexation) & GST (due to cost of living/inflation).
-
Also, the KPMG Australia modelling behind the business case reveals the 25,000 extra dwellings in those SRL precincts come at the expense of development in other areas – its a redistribution, not extra dwellings!
-
When off-the-plan (OTP) stamp duty concessions were reintroduced by the Victorian Government in 2024
This is because stamp duty savings alone were never going to bridge the market demand – feasibility gap.
-
The latest rental bond data is a good proxy, with the number of bonds dropping by 3.6% in the 2024 calendar year, or 4.1% from the June 2023 peak.
-
This is a welcome change for industry, noting the reinstated concession has been in place since October 2024 and has, to-date, made little to no difference to off the plan purchases and commencements.
-
This initiative proposes to speed up approvals for sustainable apartment and townhouse developments deemed worthy enough by the Minister for Planning and the Office of the Victorian Government Architect.