Paying less for land will provide more affordable housing

Many of those opposed to the state’s new 20 per cent Part V requirement assume that it will increase property prices. In fact it will do the opposite

12th September, 2021
Paying less for land will provide more affordable housing
It is often portrayed as an obligation on developers and builders to sell a percentage of privately built homes to local authorities at a discount. Picture: iStock

Land is a limited resource. It is critical that we provide housing that is affordable for people on low to average incomes, and limiting the price of land is one way to achieve this. Land can be a significant element in the price of providing a new home, particularly in urban areas.

One way of reducing the cost of land is through what is known as Part V. This legislation allows the state, as well...

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