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Liberal Nationals plan to tackle housing affordability in Melbourne’s west

Thursday, 5 July 2018

A Liberal Nationals Government will fast-track the release of up to an additional 290,000 residential housing lots to help make more houses more affordable.

In the western growth corridor this land includes parts of Melton and Wyndham City Councils and Sunbury, which will include an allocation for employment areas.

It’s never been harder for Victorians to own a home and only the Liberals have a plan to fix Victoria’s housing affordability crisis. 

One of the biggest ways to address housing affordability is to increase land supply and when it comes to housing affordability the numbers don’t lie.

For the outer areas of Melbourne the price of a housing lot has spiked by 54% under Labor, from $203,800 in 2014 to $314,000 this year. This 54% price increase has happened at the same time as housing lot sizes have reduced by 10% from 445sqm in 2014 to just 400sqm today.

In the City of Wyndham, land prices in Tarneit have increased from an average lot price of $229,000 in 2016 to $297,000 in 2017. In Point Cook there has been a 42% increase from $325,000 in 2016 to $461,000 in 2017.

In Sunbury, home buyers have seen a jump from an average lot price of $215,000 in 2016 to $272,900 in 2017 – an increase of 27%.

In the City of Melton, average land lots prices have increased 47% from an average price of $159,000 in 2016 to $234,000 in 2017.

This land was rezoned for urban growth in 2010 by the Brumby Labor Government but most of it still has not been released for homebuyers to build on. 

An elected Liberal Nationals Government will fast-track the completion of the planning of all metropolitan Precinct Structure Plans by 30 June 2020.

This will not require any change to the current urban growth boundary and it is not a growth boundary change. All approvals are within the current growth boundary.

Under the term of the Andrews Labor Government, first home buyers are paying an extra $110,000 for a housing lot that is 10% smaller.

Victorians are struggling with cost of living pressures fuelled by Daniel Andrews’ 12 new taxes and sky-rocketing electricity bills and at a time when the Victorian economy is lagging well behind New South Wales, the Liberal Nationals will work to ease the pressures on Victorian families.

Comments attributable to Leader of the Opposition, Matthew Guy:

This announcement is the first in our five-point plan to tackle housing affordability and give more Victorians hope to own their own home and secure their future.

This fast track will happen alongside our long-term strategic work to decentralise population growth to regional Victoria, to take pressure off Melbourne and ensure it does not become unliveable.

Comments attributable to Shadow Minister for Planning, David Davis:

Daniel Andrews and Labor haven’t stood up for new home buyers. As the housing crisis looms Labor has failed to ensure that land lots are released in new housing developments in the west.

Victorians are struggling with cost of living pressures fuelled by Daniel Andrews’ 12 new taxes and sky-rocketing electricity bills and at a time when the Victorian economy is lagging well behind New South Wales.