Housing Minister Michael Sukkar plumps wet lettuce planning reforms

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By Leith van Onselen

Housing Minister Michael Sukkar says the federal government intends to have a greater say on how land it sells is used and developed. Sukkar says the government will be happier to accept a lower price if it makes it easier to impose stipulations on developers to increase housing supply with the right mix of affordable, social and market-priced homes for rental and ownership. He also wants to provide incentives to state and local governments to accelerate planning reforms, as well as working with them on improved development of land located close to CBDs. From The AFR:

“The good old days of the Commonwealth, where private developers get hold of land, get it rezoned and triple the value – those days are over”…

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.