Developers have fronted the parliamentary inquiry into housing affordability and admitted that simply rezoning land won’t lower property prices:
CHAIR: Is it not your view that, if we increase the amount of supply, prices will go down?
Mr Helmers: I don’t think that’s the case. Like Richard, I think what we would expect to see is that prices will not grow. We’re a volume house builder across the country. We’re looking for more and more numbers. Price growth in land and impacts on affordability are counterintuitive to what our goal is, and that’s to build more houses. If we can increase supply through planning, we won’t see prices double in four years. That’s what we want to—
