It is also considering an overhaul of Victoria’s antiquated Domestic Building Contracts Act, blamed for forcing overly prescriptive and outdated consumer protection clauses into home building contracts.
However, in March last year when the plan was scrapped, Pallas made it clear that the government was unwilling to consider such reforms unless some of the additional profits were returned to the public, potentially to pay for more social housing. Housing Industry Association Victorian executive director Keith Ryan said new rules to speed up the planning process would be something the industry would be very happy about.“And whilst it’s not a magic solution, it would certainly help provide a bit of confidence to the industry.Credit:“Sales have dropped off quite dramatically with interest rate rises, and even if consumers were to decide tomorrow they were going to start buying homes again, because of all the delays of planning ...
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