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{{propApi.successMessage}} {{region}} Change locationTime to give up on 70/30: Victoria’s Housing Statement
Time to give up on 70/30: Victoria’s Housing Statement
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“HIA acknowledges the Housing Statement is an important initiative by the Victorian government that recognises that a lack of supply in the number of new homes being built is a major cause of the housing affordability crisis.
“The government made the right call in setting an ambitious target of 800,000 homes in 10 years. As the population of Victoria continues to grow, the demand for more homes where people want to live will also rise.
“More than most states, Victoria has the capacity to make the great Australian dream – a house on a block of land – a reality. This makes Melbourne and Victoria an attractive place to live and work.
“But the pathway to realising the Housing Statement target isn’t likely to be through the government’s long standing, and never achieved, 70/30 policy.
“Despite creating priority precincts, a Development Facilitation Program, changes to building heights and design requirements and streamlined planning approvals to support subdivisions, the government’s attempts to favour infill with policy and operational changes is simply not working to meet the target.
“The vast majority of new homes get built because consumers, not governments, want them built. The approval and commencement data for new homes shows that consumers are preferring to buy new homes in greenfield areas. The 70/30 policy is not aligned with the expectations of consumers.
“The time has come for the Victorian government to accept that consumers, and not government officials and planners, will decide what type of home they want to live in and where they will live. The answer for many Victorians, and certainly more than 30 per cent of Victorians, is a house or perhaps a townhouse or similar dwelling in either the suburbs or regional Victoria,” concluded Mr Ryan.
The Housing Statement target will not be met - Vic
New home commencements - Victoria
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