Witzer’s Post

UDIA National strongly supports the Government’s ongoing commitment to address the nation’s lack of housing supply, through the targeted strategies announced in tonight’s Budget,” said Col Dutton, UDIA National President. However, for the Government to reach its ambitious National Housing Accord target to build 1.2 million new homes over 5 years, 97% of its target will be delivered by private housing providers. They will need the support from all governments, if they are to significantly increase their delivery capacity, as they struggle to return to their pre-Covid productivity. Market-wide solutions will be necessary to tackle a range of fundamental problems, particularly at a time when completions are in freefall. These include chronic lack of development ready land, significant shortage of skilled workers in the construction industry, accelerated cost of construction materials and inhibited project finance, all of which are holding back projects.  UDIA National encourages the Government to keep a laser focus on the implementation of the initiatives announced in tonight’s Budget, to stabilise house prices and rents and ease the increasing cost of living pressures. Particularly important are those measures that enable our industry to build the homes for the people of Australia, so that they realise the dream of home ownership,” said Col Dutton. Our full media release can be found at this link https://lnkd.in/gZFYiuYD UDIA NSW, UDIA SA. UDIA NT, Urban Development Institute of Australia (UDIA) Victoria, UDIA Queensland, Urban Development Institute of Australia (WA)

NSW has a housing target requiring an average of 75,000 new homes a year for 5 years. At least 72,500 or 97% of those homes will have to be delivered by private providers. The $1 billion dollars in last nights Federal Budget to be given to state governments to support new housing developments is a step in the right direction. So too is the funding for important roads like Mamre Road in Western Sydney which is critical for the development of future employment lands close to where people live. A smaller share of GST for NSW, particularly while the state takes the lion share of new migration, however is a step in the wrong direction. This makes it harder to invest more in the infrastructure required to make creating homes more feasible and deliverable. Too much money is being used to subsidise a broken GST system that doesn’t reward efficiency in government and a commitment to improve economic productivity. We have a lot of work to do if we are going to deliver 75,000 new homes a year but I know UDIA NSW and its members are ready to collaborate with government to meet this challenge. Jacqueline Vozzo Gavin Melvin Chris Minns Daniel Mookhey Paul Scully Courtney Houssos Jo Haylen John Graham Steve Kamper Anoulack Chanthivong Kiersten Fishburn

New Zealand is set to implement regulatory changes aimed at boosting home construction to address the nation's housing shortage. Read More- https://lnkd.in/gzst_Dcd #NZHousingCrisis #AffordableHousingNZ #NewZealandRealEstate #HomeConstruction #HousingMarketReform #SustainableHousing #GreenBuildingNZ #HousingForAll 

🏗️ Unlocking $69B Worth of DA-Approved Projects in Syd/Melb/Bris🏗️ With ambitious housing targets slipping further out of reach, there's a $69B opportunity waiting in plain sight. These DA-approved projects and other like them could immediately address the mounting housing shortage, yet they remain untapped. Our latest blog breaks down the reasons why these projects are stalling and how they can be revived to meet pressing market demands. 🔗 Read the full article here: https://lnkd.in/gSkdbKeu #ConstructionOpportunity #DAApproved #HousingShortage #UrbanDevelopment #RealEstate #PropertyDevelopment #BlinkDMI

Modular contruction is a great option

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

The latest Programme for Government's housing commitments have been met with criticism from industry leaders. Mark Spence of the Construction Employers Federation (CEF) has pointed out that while the plan's goals are commendable, they “fall drastically short” of what’s needed to address Northern Ireland’s housing crisis. With 𝐡𝐨𝐮𝐬𝐢𝐧𝐠 𝐜𝐨𝐦𝐩𝐥𝐞𝐭𝐢𝐨𝐧𝐬 𝐚𝐭 𝐚 𝟔𝟎-𝐲𝐞𝐚𝐫 𝐥𝐨𝐰, Spence emphasizes that fundamental reform is necessary to overcome major barriers to homebuilding. 𝐓𝐡𝐞 𝐜𝐮𝐫𝐫𝐞𝐧𝐭 𝐩𝐥𝐚𝐧 𝐥𝐚𝐜𝐤𝐬 𝐭𝐡𝐞 𝐢𝐦𝐦𝐞𝐝𝐢𝐚𝐭𝐞, 𝐚𝐜𝐭𝐢𝐨𝐧𝐚𝐛𝐥𝐞 𝐬𝐭𝐞𝐩𝐬 𝐫𝐞𝐪𝐮𝐢𝐫𝐞𝐝 𝐭𝐨 𝐦𝐚𝐤𝐞 𝐚 𝐬𝐮𝐛𝐬𝐭𝐚𝐧𝐭𝐢𝐚𝐥 𝐢𝐦𝐩𝐚𝐜𝐭. With calls for increased borrowing flexibility and potential new approaches to funding, the current budget and financial strategy appear insufficient. 𝐓𝐡𝐞 𝐩𝐚𝐭𝐡 𝐚𝐡𝐞𝐚𝐝 𝐢𝐬 𝐟𝐫𝐚𝐮𝐠𝐡𝐭 𝐰𝐢𝐭𝐡 𝐜𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬, 𝐛𝐮𝐭 𝐚𝐝𝐝𝐫𝐞𝐬𝐬𝐢𝐧𝐠 𝐭𝐡𝐞𝐬𝐞 𝐜𝐫𝐢𝐭𝐢𝐜𝐚𝐥 𝐢𝐬𝐬𝐮𝐞𝐬 𝐰𝐢𝐭𝐡 𝐚𝐜𝐭𝐢𝐨𝐧𝐚𝐛𝐥𝐞 𝐬𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐞𝐬 𝐚𝐧𝐝 𝐬𝐮𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐭 𝐟𝐮𝐧𝐝𝐢𝐧𝐠 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐜𝐫𝐮𝐜𝐢𝐚𝐥 𝐢𝐧 𝐭𝐫𝐚𝐧𝐬𝐟𝐨𝐫𝐦𝐢𝐧𝐠 𝐍𝐨𝐫𝐭𝐡𝐞𝐫𝐧 𝐈𝐫𝐞𝐥𝐚𝐧𝐝’𝐬 𝐡𝐨𝐮𝐬𝐢𝐧𝐠 𝐥𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞. #HousingCrisis #NorthernIreland #HousingPolicy #Construction #UKHousing

The complexity of, and number of sources in, this capital stack highlight why low cost financing is so important in making affordable housing projects pencil. Can’t wait to see it when it’s done!! https://lnkd.in/dy87YRn3

This is part of the solution agreed. The only way to get construction costs and labour force able, is MMC. We need to not only address planning approvals and the vast complexity around them but we must take on MMC and reduce the labour component on site radically. It’s time to wake up to the future in this country and fully embrace the concept and vastly improved methodology of MMC. We are still so far behind and so risk averse. We must embrace greater risk to solve this huge issue. #affordablehousing #MMC #modularconstruction

Australia's housing crisis requires urgent solutions. While prefabrication construction has been proposed as a fix, it's not without its challenges, let alone trucking the half houses along busy roads and the chaos that follows as special escorted requirements exist to clear traffic off the road with the approaching truck loaded with half a dwelling because of road traffic laws across Australia. In Australia, prefabrication construction is essentially a cottage industry, making it challenging to meet the staggering shortfall of over 1 million affordable and social dwellings required now, not to mention the additional 300,000 to 400,000 needed in the next 3 to 5 years. Transporting prefabricated homes across the country presents logistical issues, with half a dwelling requiring police or specialist services to warn oncoming traffic. Infill residential mid-rise apartments on surplus public land may be a more viable solution. Emulating London's policy of setting aside up to 50% of surplus land for affordable housing could be the answer. Additionally, a mandatory 30% affordable housing requirement in rezoned areas near public transport infrastructure could provide an immediate value capture. It's time for an inclusive policy setting that addresses Australia's housing crisis with urgency and social responsibility. The answer is scalable Cross Laminated Timber (CLT) in advanced modular construction platforms, which can be trucked to building sites in shipping containers with their own cranes on board and then assembled on site like "Lego" generally saves up to 75% in time, over slow inefficient custom construction, offering "Speed to Market." #advancedmodular #CLT #housingcrisis #sustainability