The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Untitled design (8)
FULL PROGRAM RELEASED FOR URBANITY-25 CONNECTING PROPERTY LEADERS ACROSS THE ASIA PACIFIC
FULL PROGRAM RELEASED FOR URBANITY-25 WHERE THE PROPERTY INDUSTRY CONNECTS
VIEW FULL AGENDADETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
20
print
Print
OtherMon 04 Jun 18

Planning Reforms to Help Developers Deliver Affordable Housing

3d3c6bde-ceca-404a-88a1-d27e1540b0d2

New planning regulations between councils and developers to support the roll-out of affordable housing has been released by the Victorian Labor government.

The new system comes through the Planning and Building Legislation Amendment (Housing Affordability and Other Matters) Act 2017 and aims to make the delivery of affordable housing in major developments, particularly social housing, easier.

Minister for Planning Richard Wynne said the new rules make it easier for councils and developers to negotiate voluntary agreements to include affordable homes in residential developments.

“We’re now providing consistency for developers and councils,” Wynne said.

The announcement of the planning reform comes as state government, who face re-election this November, said the previous system caused uncertainty about the legal validity of agreements between councils and developers, consequently missing affordable housing development opportunities.

“Whether it’s boosting land supply for housing or providing stamp duty cuts for first time buyers, we’re giving every Victorian the opportunity to find a house to call home.”

Related reading: Federal Budget 2018: Infrastructure, Investment and Build to Rent

Planning Minister Richard Wynne said the new reforms will make it easier for councils and developers to negotiate voluntary agreements.


Build-to-rent solution to affordable housing issue: UDIA

Speaking at the Urban Development Institute of Australia’s conference last week, Wynne said build-to-rent projects such as “key worker housing” for “people in that middle bracket who can’t afford home ownership at the moment” was a potential solution to the affordable housing issue.

Australia currently lags behind the US and UK in taking up the build-to-rent model, however the build-to-rent trend has seen a surge of enthusiasm over the past year.

Shadow Treasurer Chris Bowen pledged to work with the property industry to resolve tax related issues with built-to-rent incentives last week, criticising Scott Morrison for delays in addressing the issue.

“The benefits of the build to rent are obvious, it will increase housing supply and increase the stock of rental accommodation- that’s got to be a good thing,” Morrison said.

Speaking at the UDIA conference, Wynne also said Melbourne has the highest growth rate of any city in the developed world.

“We think there are enormous continuing opportunities (for development) available in those middle-ring suburbs which are rich in amenity, public transport and are great places to live,” he said.

OtherResidentialInfrastructureBuild-to-RentAustraliaPlanningPlanningOther
ADVERTISEMENT
TOP STORIES
Nation's build-to-rent project Charlie Parker in Sydney's Parramatta where more projects are being located and built outside the CBD.
Exclusive

Foreign Capital Still Dominates BtR but Things are Changing

Marisa Wikramanayake
7 Min
Exclusive

Fortis Reveals Plans for Coveted Bowen Terrace Site

Taryn Paris
4 Min
Exclusive

Accor Deputy Delivers Verdict on Brisbane Games Hotel Shortfall

Phil Bartsch
6 Min
Qld Budget 2025-26 Brisbane City
Exclusive

Billions Promised, Now Deliver: Industry’s Qld Budget Verdict

Vanessa Croll
6 Min
Medium Density housing in NSW
Exclusive

NSW Budget ‘Groundbreaking’ $1bn Guarantee to Unlock Housing

Leon Della Bosca
7 Min
View All >
Genesis Street Frontage 3D Concrete Printed Duplex with Nick Holden
Technology

Australia’s First 3D-Printed Duplex Halves Build Times

Leon Della Bosca
Charter Hall’s $925m Hyde Park skyscraper
Planning

Charter Hall $925m Sydney Skyscraper Wins City Backing

Vanessa Croll
Sponsored

Rare Coastal Development Opportunity in Heart of Mooloolaba

Partner Content
An exceptional opportunity has arisen to acquire one of Mooloolaba’s most premium development landholdings...
LATEST
Genesis Street Frontage 3D Concrete Printed Duplex with Nick Holden
Technology

Australia’s First 3D-Printed Duplex Halves Build Times

Leon Della Bosca
3 Min
Charter Hall’s $925m Hyde Park skyscraper
Planning

Charter Hall $925m Sydney Skyscraper Wins City Backing

Vanessa Croll
3 Min
Development

Rare Coastal Development Opportunity in Heart of Mooloolaba

Partner Content
2 Min
Sydney developer Platino Properties is planning a near 350-unit seniors development on the Northern Beaches as it continues to expand its over 55’s portfolio. The concept application extends the Skyline Place seniors precinct and is for 1 and 3 Skyline Place, Frenchs Forest.
Retirement & Aged Care

Platino Plans Northern Beaches Seniors Expansion

Renee McKeown
2 Min
View All >
ADVERTISEMENT
Article originally posted at: https://theurbandeveloper.com/articles/planning-reforms-to-help-developers-deliver-affordable-housing-