Shadow Minister for Planning, David Davis
Labor’s plan to rezone 100,000 housing lots within two years will have little impact on increasing unaffordability. 100,000 lots by 2018 should already be the normal work rate of the Victorian Planning Authority, but Labor has dropped the ball.
Daniel Andrews and Richard Wynne’s obsession with slowing down development has meant first homebuyers on the fringe of Melbourne are now paying $30,000 more for a block of land than they were two years ago (Melbourne’s median lot price is now $240,000, compared to $210,000 in 2014).
By contrast Matthew Guy released the same number of lots in his first eighteen months as Minister, resulting in lot prices dropping from $220,000 to $180,000 over that year.
Not only has a lack of adequate housing lot supply driven up prices, first home buyers have been hit with the double whammy of new Labor taxes further increasing their costs:
• the infrastructure contribution on new estates has been jacked up;
• planning fees charged by councils have been hugely increased by between 100 and 1,000%;
• the Growth Areas Infrastructure Contribution has been jacked up and brought forward; and
• new infrastructure charges have been introduced as an increased infrastructure contribution
on new estates.
Quotes attributable to the Shadow Minister for Planning, David Davis:
Labor’s 100,000 lots over two years will not undo the damage caused by Daniel Andrews and Richard Wynne to date. Victoria’s population has grown by nearly 250,000 since Daniel Andrews became premier and by the time these developments are ready our population will probably be another 150,000 more.
Labor is treating first home buyers as its cash cows despite Daniel Andrews many promises of no new or increased taxes. Sadly, this band aid measure will bring them no relief.
There are winners and losers in Daniel Andrews’ Victoria. Young Victorian families seeking to buy their first home are not winning under Daniel Andrews.
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