Property Council submits paper on inefficient car park ratios

The Property Council has submitted a policy paper to the State Government on car parking ratios for industrial development.  Under the current regime, crucial industrial development is being impeded and valuable land supply is being inefficiently allocated to unnecessary car parks.

The Property Council believes that these ratios are set too high for actual industry requirements, and have resulted in over 400ha of surplus land being allocated for car parking that will never be used. This land could, and should, be put to better use. Another concern relates to developers being forced to include surplus land in deals solely to provide certainty around planning outcomes based on requirements to meet out-dated car parking ratios. This has been estimated to cost business over $400 million per year. For further information, please contact the Victorian office.