A grand bargain indeed: Why the property industry is smiling

Indonesia Berita Berita

A grand bargain indeed: Why the property industry is smiling
Indonesia Berita Terbaru,Indonesia Berita utama

The Victorian government has given the property lobby everything it wanted, but with almost no quid pro quo.

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reveals today, the levy was part of a bold plan to boost social housing spending and reverse the long decline in social housing as a proportion of overall housing. It was, in effect, a version of what is known as mandatory inclusionary zoning, whereby landowners and developers benefiting from development approvals are required to tip in a little for the wider social good.

, accusing the industry of reneging on a deal. “I am not in the business of creating super profits for developers if they are unwilling to support sharing those profits,” railed the premier.This week’s housing statement includes the same carrots offered to the property industry last year, including legislation of reforms proposed by Victoria’s Red Tape Commissioner, a reduced role for councils in planning decisions, and more.

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