In September 2023 Victoria’s Labor Government released a package of policies designed to overcome the statewide housing shortage and housing affordability problems. This ‘Housing Statement’ is being implemented in conjunction with the Albanese Government’s goal to build 1.2 million dwellings nationwide.
Victoria has the ambitious target of building 800,000 new homes across Victoria by 2034.
While extensive planning and co-ordination is required across councils in metropolitan, regional, and rural Victoria to execute the plan, the REIV confirms that progress is underway.
The Department of Transport and Planning has established a case management team to assist local councils with planning decisions in a timely manner. By working collaboratively with developers, councils and agencies, the case management team aims to expedite the development of residential projects by providing independent support to projects with (a) costs greater than $10 million and (b) over six months within the planning system to date.
You can read more about Victoria’s Housing Statement here.
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By Wendy Chamberlain
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With a passion for all things real estate spanning 20 years, Wendy loves that her role as a Buyers and Sellers Advocate gives her buying and selling clients an experienced voice they can trust when it comes to negotiating to buy or sell something as important as their home or investment. Wendy considers it a privilege to be asked to help others realise such an important goal as home ownership and to be trusted with that honour. Get in touch today via www.chamberlainadvocates.com.au for a no obligation chat about how Wendy can work with you and help you save time and money to secure your new home sooner.