Already a subscriber?Melbourne architect Michael Smith has waited almost 840 days to get his application for four townhouses approved as Victoria recorded its lowest number of new builds in theThe average time it takes for a direct approval across all Victorian councils has blown out by 24.6 days in the past five years to hit 168.7 days, according to state government data, and developers say this is adding fuel to the fire.
Labor wants to build 80,000 homes a year for the next decade, with 70 per cent of those being in established areas and the remaining 30 per cent in greenfill. But, since 2014,, Ms Kilkenny said last year. The proposal was ticked off by planning officers from Banyule council, only for councillors to overturn the decision after receiving 48 objections relating to overdevelopment, neighbourhood character and increased traffic.Mr Smith went to VCAT and won, but by that point construction costs had risen by nearly 40 per cent, rendering the project unviable, and leading his client, the developer, to sell the plot in April 2023.
, it is only a part of problem. He estimated that less than half of the 51,000 new dwellings approved in Victoria last year would actually get built, due to poor pre-sales, financing or developer capability.
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