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{{propApi.successMessage}} {{region}} Change locationPlanning reforms won't see more homes till 2028
Planning reforms won't see more homes till 2028
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The Victorian Parliament yesterday passed the “Better Decisions Made Faster” Planning Bill. It was unfortunate the Bill’s passage through the Parliament was delayed by unnecessary opposition along with flawed inclusionary zoning changes. It does introduce several useful changes to the planning system which over time should mitigate some of the barriers to home building.
“While the Planning Bill includes many useful reforms, these may not commence in full until 29 October 2027. So actual planning decisions resulting from these reforms will not realistically happen until at least 2028. Subsequent work to build these planned homes for people to live in will occur even later.
“The government needs to understand that homes are not built because Parliament passes legislation. Homes are also not built because a planning permit may be obtained.
“Homes, and especially the apartments that government wants built, are only built when developers are satisfied that the cost, tax settings and consumer demand make it financially viable. Improvements to the planning system help, but they do not magically make housing projects viable. These reforms only ease one barrier to development.
“Until building projects are actually ready for a building permit, any suggestion that the planning reforms passed by Parliament ‘backs builders’ is not correct.
“HIA welcomes these planning reforms but in isolation, they mean little until planning approvals are actually obtained, building projects are financially feasible, building permits are obtained, and builders are able to commence building,” concluded Mr Ryan.
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