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Housing affordability in Australia : a supply-side analysis

Holmes, Scott, London, Kerry and Sheehan, Luke 2008, Housing affordability in Australia : a supply-side analysis, Australian Competition Policy Research Alliance, Newcastle, N.S.W..

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Title Housing affordability in Australia : a supply-side analysis
Author(s) Holmes, Scott
London, Kerry
Sheehan, Luke
Publication date 2008
Total pages xxi, 135 p.
Publisher Australian Competition Policy Research Alliance
Place of Publication Newcastle, N.S.W.
Keyword(s) Housing -- Economic aspects -- Australia
Housing -- Australia -- Costs
Notes Machine derived contents note: 2. What is Housing Affordability? 4 -- 2.1. Domestic Affordability Indicators 5 -- 2.2. International Affordability Indicators 9 -- 3. Factors Contributing to Declining Housing Affordability 11 -- 3.1. Australian Urban Development, the Federal Fiscal Imbalance and the -- Origins of Infrastructure Charges 13 -- 3.2. Infrastructure Charges 17 -- 3.2.1. Infrastructure Funding Arrangements and Equity 20 -- 3.3. Urban Consolidation 22 -- 3.4. The Supply of Land and Land Prices 23 -- 3.4.1.Land Supply Restriction and Urban Fringe Land Prices 29 -- 3.5. Land as a Proportion of House Prices 30 -- 3.6. The Housing Supply Shortfall 32 -- 3.7. Planning Systems and Regulatory Compliance Costs 33 -- 3.8. GST and Other Government Charges 36 -- 4. Infrastructure Costs, Land Supply and House Prices: The Situation in NSW 42 -- 4.1. The Land and Dwelling Supply 42 -- 4.2. Factors Influencing the Price of Developed Lots 45 -- 4.3. Infrastructure Costs 45 -- 4.3.1. Infrastructure Levies as a Barrier to Competition and Supply 48 -- 4.4. Land Supply, Landholder Expectations, Land Costs and Dwelling Supply 50 -- 4.5. The Need to Increase Land Release Rates 51 -- 5. Other State's Reponses to the Housing Supply Shortfall 53 -- 5.1. The Recent Victorian Response 53 -- 5.2. The Recent Queensland Response 53 -- 6. The Effect of the Planning System on Supply and the Need for Reform 55 -- 7. The NSW Planning System 57 -- 7.1. The NSW Planning System Process 60 -- 7.1.1.Land Supply, Rezoning and LEPs 61 -- 7.1.2.Opportunities for Appeal 65 -- 7.1.3.Development Approvals 66 -- 7.1.4.Track-Based Assessment 67 -- 7.1.5.Assessment Panels 70 -- 7.1.6.Assessment Panel Use in Other States 71 -- 7.2. NSW Development Approval Times 75 -- 7.2.1. Targeted Development Approval Times 76 -- 73. State Government Agency Consultation 77 -- 7.4. Complexity and Delays as an Incentive to Bypass the Planning System 78 -- 7.5. Planning Requirements and Prices 79 -- 7.5.1.Land Use Restrictions 79 -- 7.5.2. Design Requirements 82 -- 8. International Planning Examples 85 -- 8.1. Germany 85 -- 8.2. Switzerland 86 -- 8.3. Ireland 87 -- 9. Reforming the NSW Planning System 90 -- 9.1. NSW Planning Reform Recommendations 91 -- 9.2. National Planning System Reform Recommendations 93 -- 10. The Need for Appropriate Policy Responses 95 -- 11. The Economic Effects of Declining Housing Affordability 99 -- 11.1. The Housing Industry and Employment 99 -- 11.2. Household Debt and Mortgage Default 100 -- 11.3. Household Savings and the Wealth-Effect 102 -- 11.4. Productivity, Competition and Migration 105 -- 11.5. Inflation and Monetary Policy 107 -- 12. Conclusion 112 -- 13. Summary of Key Recommendations 115.
ISBN 9780646497099
Language eng
Field of Research 120203 Quantity Surveying
Socio Economic Objective 970112 Expanding Knowledge in Built Environment and Design
HERDC Research category A4.1 Major research monograph
Copyright notice ©2008, University of Newcastle
Persistent URL http://hdl.handle.net/10536/DRO/DU:30018715

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Every reasonable effort has been made to ensure that permission has been obtained for items included in DRO. If you believe that your rights have been infringed by this repository, please contact drosupport@deakin.edu.au.