Create Advisory congratulates the Productivity Commission on the release of its Interim Report on the Housing Supply Regulation Inquiry. The Commission received substantial input through its initial call for ideas and submissions and has turned that feedback into a comprehensive, high-quality interim report in a remarkably short timeframe.
Create Advisory supports the Commission’s recommendations, particularly the need for finer-grained, more integrated infrastructure sequencing aligned with the release of new housing supply, and the importance of best-practice developer contribution frameworks with clearer need, nexus and accountability requirements.
We were pleased to see several matters raised in our submission (Submission 70 – Create Advisory) acknowledged in the report and reflected in the Commission’s focus areas and recommendations.
Our submission drew on Create Advisory’s core areas of expertise, including our deep understanding of how infrastructure planning and coordination interact with land use, and the systemic reform opportunities we believe will materially increase new housing supply across Australia.
Our recommended reform themes
Theme 1: Integrated land use and infrastructure strategy
- Leverage technology for dynamic modelling to inform realistic supply pipelines
- Introduce performance-based funding for jurisdictions using integrated land use and infrastructure modelling to track realistic supply
- Set a minimum standard for the capture and reporting of supply pipelines, based on realistic take-up rates rather than theoretical capacity
Theme 2: Coupling infrastructure delivery with sequenced development
- Reward sequenced development with incentives that improve project feasibility, subject to a “use it or lose it” condition
- Increase agency accountability for delivering in line with planned commitments, to limit rising costs due to delays
Theme 3: Consistent and efficient infrastructure charging frameworks
- Calibrate charging rates for sequenced versus out-of-sequence development
- Set a standard for equitable and efficient infrastructure charging frameworks
- Seed-fund a revolving facility using the Federal Government’s $2 billion commitment to enabling infrastructure
Theme 4: Coordinated post-approval systems
- Set a minimum standard for monitoring the performance of approvals across the entire development and permit approval lifecycle
Looking ahead:
The Interim Report proposes a range of solutions closely aligned with these themes. We look forward to digesting the report in detail and engaging further with the Commission through the next phase of this important Inquiry.
If you’d like to know more about Create Advisory, get in touch to discuss how we can work together on housing and infrastructure priorities across Australia
