Affordable Housing Incentives Welcomed

Affordable Housing Incentives WelcomedThe Property Council of Australia welcomes the announcement by the Western Australian Planning Commission of changes to be made to the State’s planning system to boost housing affordability.Voluntary incentives to increase the supply of affordable living options have been actively advocated for by the Property Council.Joe Lenzo, Property Council Executive Director said, “Engaging with the industry through incentives is the most effective long-term strategy to deliver more affordable living outcomes and housing diversity.””Incentives that reduce costs and improve development outcomes will enable more affordable living options to be provided for the community.””The incentives need to be designed intelligently so that they increase a project’s feasibility and do not impact on its commercial viability, encouraging developers to embrace this opportunity.””Tailoring incentives to prioritise housing diversity and supply along the city’s growth corridors is the key to providing Perth with more affordable living options.””These incentives need to be coupled with development bonuses for higher density.”Click here to read WAPC’s media statement.”Affordability is more than just the sticker price. It is all well and good to throw up a cheap house in an area lacking basic infrastructure, but it will only cost that resident more in utility payments, access and cost of transport and proximity to employment.”