Housing supply and aeordability remain major challenges in Victoria. For too long not enough has been done to increase housing availability and reduce barriers to development.
Here are some of the many ways a Liberal and Nationals Government will deliver more homes for the West:
Fast-track home building in existing suburbs
Labor’s focus on in-fill development in existing suburbs has left new growth areas neglected.
This has reduced access to family homes and aeordable land, limited housing choice and pushed up prices by artificially restricting the supply of serviced lots.
Our Plan will fast-track home building in existing, identified growth areas by setting clear end dates from commencement for all Precinct Structure Plan (PSP) and introducing industry-led PSPs to speed up land release and increase housing supply.
And we will ensure Growth Areas Infrastructure Contribution (GAIC) revenue is spent on infrastructure in the communities from which it is collected and allow it to be directed to earlier delivery of roads, schools, utilities and community facilities.
Stamp duty
A Liberal and Nationals Government will also exempt first home buyers from stamp duty on properties valued up to $1 million.
Scrapping stamp duty for first home buyers is about supporting young Victorians and restoring the dream of home ownership.
Stop cultural heritage delays
Uncertainty of time frames and costs through Victoria’s cultural heritage process, as well as delays within government authorities, are stalling development and ultimately seeing fewer new homes built.
A Liberal and Nationals Government will undertake an independent review of Victoria’s cultural heritage framework to deliver legally binding timeframes across the entire approval process, standardised and transparent fees, clearer assessment requirements, a dispute resolution pathway and public reporting of system performance.
We will also identify opportunities to reduce duplication and streamline assessments for growth areas and major infrastructure corridors.
Our Plan will maintain strong protections for Aboriginal cultural heritage and decision-making, while delivering a clearer, fairer and more predictable approvals process.