Property Council 2022-23 Victorian Pre-Budget Submission

Over the last two years Victoria has experienced the biggest economic and social crisis in living memory. But thanks to our collective resilience and willingness to roll up our sleeves and get the jab done, 2022-23 is full of hope and opportunity as Victoria embarks on a sustained recovery.

The 2022-23 Victorian Budget is an opportunity to create a longer-term policy framework that flicks the switch on the Victorian economy from ‘survive’ to ‘thrive’. Recognising the Government’s already comprehensive commitment to state-shaping infrastructure projects, the Budget’s focus should be on creating policy settings that address skills shortages, restore population growth, ensure the adequate supply of land for new housing and commercial development, renew the vibrancy of Melbourne’s CBD, and attract investment into our state from interstate and overseas.

This will support the property industry to sustain the progress of and strengthen our post-COVID bounce back, putting Victoria firmly on track to regain its status as the best place in the country to live, work and play.