Melbourne high-rise housing abandoned due to sky-high costs

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Victoria’s “fast‑tracked” housing program — designed to bypass councils and community objections on the promise of delivering shovel‑ready homes — has produced almost no actual housing, raising major questions about the Allan government’s planning strategy and credibility.

VIC construction

Since the Development Facilitation Program (DFP) was expanded in Sept 2023, just six homes have been completed.

The DFP stripped councils of planning authority, allowed the minister to override height and planning rules, and removed third‑party appeal rights at VCAT.

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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.