Tony Raunic’s Post

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Managing Principal @ Hunt & Hunt Lawyers | BCom, LLB, MBA

PLANNING REFORM: So Victorian State Govt announced housing targets for Councils are under consideration. WHY? The Govt's falling well short of its target of 80k new homes pa. Only 54k in 2023, 52k forecast for 2024 and 55k for 2025. Not even enough to meet population growth, let alone tackle the shortage! WILL IT WORK? Not Likely. While some Councils have shown NIMBY like behaviour in refusing applications, there are way more approvals than commencements. The Govt needs to tackle high construction costs-labour and materials. No sane private developer will build high scale high rise in Broadmeadows or Epping when the constructions costs are greater than the price you can sell the apartments for! And surely we all know that a broader infrastructure contribution charge just makes housing more expensive for buyers! https://lnkd.in/grUz6QsT

Planning powers could be stripped from councils that miss housing targets

Planning powers could be stripped from councils that miss housing targets

theage.com.au

Dr Tim Harrison

Chief Executive Officer at Ararat Rural City Council / Adjunct Professor

7mo

Is the impact of Windfall Gains Tax on development in rural communities going to be a part of the conversation?

Claire Gomo

Practice Group Leader - Insurance

7mo

Interesting times and hopefully something more concrete will be put in place soon, but it's hard to see construction costs going down any time soon!

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Nigel Lane

Helping Real Estate Agents Attract More Sellers by Simplifying Lead Generation and Reducing Their Workload

7mo

I completely agree with the points raised in this post. It's clear that the current approach is not sufficient to meet the growing demand for housing. Addressing construction costs and infrastructure contributions is crucial to make housing more affordable and accessible.

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Andrew Gunter

Special Counsel - Land Use Planning, Local Government & Compulsory Land Acquisition [Eminent Domain] @ Hunt & Hunt Lawyers, MEL

7mo

Yes, all those planning permits granted but not actioned are a big part of the housing issue.

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