By Craig Falvey
Blockbrief's Rezoning Adoption Data showed that there was 64 rezoning instrument adoptions across Australia in May 2017 providing additional capacity for up to 7,808 dwelling units and development projects to generate 2,686 jobs nationally.
This capacity can potentially be realised after development applications/planning permits and building applications are approved for the respective land, with an estimated staging average of 2.32 years (Min. 0 years and Max. 20 years).
The capacity of 7,808 dwellings units made available as a result of rezoning adoptions in May 2017 consisted of 6,801 dwellings (87.10%) and 1,727 lots (22.11%).
Looking specifically at the type of rezoning adopted in Australia in May 2017, 25.39% of them were mixed, 15.23% residential, 11.17% special, 8.13% commercial, 4.6% rural and 1.2% industrial.
Craig Falvey is a Business Consultant with Cordell Information.