Big picture approach to property demand is needed

Big picture approach to property demand is needed

Posted on Friday, August 31 2012 at 2:35 PM

A need for a national approach to infrastructure funding for new development and strata laws to prevent redevelopment of aged and unsafe buildings have been correctly identified in the Council of Australian Governments’ Housing Supply and Affordability Reform report released this week, according to the Urban Development Institute of Australia (UDIA).

UDIA vice-president Michael
Corcoran says the report also recognises the need for improvement to the
timeframes for land rezoning and development applications and how
code-assessable development could stimulate housing supply.

“What we hope to see now is more
work on translating these findings into meaningful reforms that deliver more
housing on the ground,” says Corcoran. “As a nation our housing shortfall is
increasing every year so we don’t have time to waste in creating agreement
amongst the states about the solutions.”

Corcoran says what the report
lacks, though, is a “big picture approach” to Australia’s future housing demand
for a “growing population”.

“What we lack as a nation is a
properly robust long-term population forecast for Australia. We cannot deliver
the housing and infrastructure needed for the future if we are flying blind on
what our future demand will be.”

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