The Property Council welcomes the City of Melbourne taking the proactive step of developing a long-term and aspirational Housing Strategy for its municipality, and consulting with both industry and the public on its contents.
While we can appreciate the intent behind the Strategy, we have grave concerns about certain elements of the strategy. In particular, we are concerned by the direct effect it will have on the development sector. This will have flow on effects for the State’s economy, and ultimately also for housing affordability.
This submission, which has been developed with input from the Property Council’s member base in Victoria, seeks to highlight what we consider the key issues and unintended consequences of the Homes for People strategy as currently drafted. We have also attempted to provide the City of Melbourne with possible alternative policy approaches or ideas for consideration as part of the next steps in the development of its housing strategy.