Cath Evans News Today

Parkland, affordable housing and commercial office spaces earn developers bonuses to build in Melbourne’s CBD. The code was meant to be reviewed but it hasn’t been touched.

Parkland, affordable housing and commercial office spaces earn developers bonuses to build in Melbourne’s CBD. The code was meant to be reviewed but it hasn’t been touched.

Industry groups warn that the Victorian government is not on track to complete its bold vision of building 80,000 new homes a year for the next decade.

<strong>Exclusive:</strong> Cultural heritage laws impact less than 1% of building developments despite being cited among reasons for the Coalition’s treaty backflip

The University of Melbourne has given up its push for a tram line to its new Fishermans Bend campus to be built by the end of this decade, in a setback that may also stymie housing development in the nation’s largest urban renewal project.

Victoria’s goal of 80,000 new homes a year won’t be achieved while the state’s Big Build projects are driving up the cost of materials and workers, industry figures warn.

The tax on the median-price unused home could increase from $9340 to more than $28,000 a year.

A state government bid to encourage developers to build on vacant land could have the opposite effect as land tax penalties bite, construction company research has warned.

The property industry has called for “deep and ongoing” consultation to ensure any changes won’t worsen housing supply or affordability.

Victorian Treasurer Tim Pallas has announced plans to broaden a tax on vacant residential properties to the rest of the state.