Media Release: Mid-rise housing reform misses the mark
Urban Taskforce Australia CEO, Tom Forrest, said the release of 171 sites forming the Minns Government’s mid-rise housing reforms is a missed opportunity in efforts to drive housing supply near town centres and transport nodes.
The policy has the right intent, but since its initial exhibition fifteen months ago, the ambition has been wound back. Despite this, the housing yield predicted to be achieved over 5 years through this policy has not changed from that predicted when the draft was released.
Given the changes, the state of the market, the difficulties with feasibility, the time it takes to consolidate land parcels and progress development applications through Councils, the predictions that the policy will deliver 112,000 homes over the next 5 years are heroic.
The early assessment from the property sector is that under this policy, which will come into effect at the end of this month, much of the so called “missing middle” is still missing.
To read the full release, click here
To view the Low- and Mid-Rise Housing Area list, click here
