1/ 🏗️ Does planning impact housing costs?
Absolutely. Despite claims to the contrary, planning directly affects:
❌ Access to project finance
❌ Profitability
❌ Material costs
In the development cycle, everything is connected. 🧵
Absolutely. Despite claims to the contrary, planning directly affects:
❌ Access to project finance
❌ Profitability
❌ Material costs
In the development cycle, everything is connected. 🧵
Comments
Projects are either:
❌ Denied funding outright, or
❌ Saddled with high costs to offset risk.
Uncertainty = fewer projects = fewer homes.
Approvals mean nothing if developers can’t act on them.
For instance: Upper-level setback rules force complex building shapes, requiring more structural reinforcement.
Simpler designs = less cost per unit = more affordable homes.
Restrictive urban planning keeps construction firms small, reducing innovation and productivity.
Higher costs, fewer homes—this cycle is self-inflicted.
Victoria’s planning system needs reform to reduce uncertainty, encourage efficiency, and build more homes. 🏘️
It’s time to connect the dots.
https://yimby.melbourne