The Business Council has welcomed the Victorian Government’s ambitious plan to build 800,000 new homes over the next decade, emphasizing its positive impact on addressing the rising cost of housing. The CEO of the Business Council, Bran Black, also commended the government’s commitment to planning system reform, which aims to streamline decision-making processes and provide greater certainty regarding planning approvals.
Key Points:
Planning System Reform: The Business Council strongly believes that urgent planning system reform is necessary to address Australia’s housing supply crisis. A recent comparison of states and territories’ planning systems, including Victoria, revealed that Victoria’s planning system ranked second-worst. Therefore, the council welcomes the government’s efforts to improve efficiency and certainty in planning approvals, with the goal of delivering more housing.
Social and Affordable Housing: Business also supports Victoria’s initiative to fast-track the rollout of social and affordable homes, which is critical in providing housing options for those in need. The government has set a target of 425,600 new homes across regional Victoria, aiming to address housing challenges beyond metropolitan areas.
Collaboration: The Business Council looks forward to collaborating with the Victorian Government and stakeholders to work out the details of the proposed plan, ensuring that it aligns with the goals of enhancing housing supply, affordability, and efficiency in the state.
The Victorian Government’s commitment to addressing housing challenges through ambitious targets and planning system reform has garnered support from the business community. This initiative reflects the government’s determination to tackle housing issues in both urban and regional areas.
