Dan Andrews

Originally posted by daicosisgod: ↑

Lappy,

Andrews has been in power since 2014, nearly 10 years. In that time he has overseen a massive shortage in housing and virtually no increase in public housing to such an extent that there is approximately 70,000 people on the Victorian waiting list currently.

The housing vacancy rate is just above 1%. There is a chronic shortage of housing in Victoria that has occurred under Andrews' watch. In the next three years there will be a shortage of 70,000 new apartments.

Landlords are under siege from Andrews in the form of massive swing towards tenants rjghts, clogged VCAT disputes listings, increased taxes, increased mandatory expensive appliance checks and the mooted rent controls over frequency and quantum. No wonder about 30% of auctions in Melbourne are landlords getting out meaning fewer rental properties are available to rent. You can also chuck in the failure of Vic Residential Housing Insurance Authority to manage Porter Davis lack of compliance with insurance premium collection.

And its not me saying this see article below published today in The Herald Sun

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108,000 apartments need to be built to house Victorians in the next three years

Sarah Petty
First published 27 Jul 2023, 9:00am

CBRE research predicts 108,000 apartments are needed to heed demand over the next three years in Melbourne.
More than 100,000 apartments need to be built in the next three years to meet housing demand in Melbourne, a leading property firm warns.
CBRE estimates that Greater Melbourne would need around 108,000 apartments to be built in the next three years based on population growth. However, supply is predicted to rise by just 38,000 apartments in that time period.

It comes as the state government is preparing to build new high-rise precincts in Melbourne’s transport hubs of inner and middle suburbs, stripping councils of decision-making powers to fast-track housing developments.

CBRE managing director of residential projects in Victoria, Andrew Leoncelli said no one was building anything, rents were booming and investors had been nervous to buy off the plan.

“There’s been a big, big, big mismatch between all of the key fundamentals really been in our market,” Mr Leoncelli.
“You have to be able to get quicker permits. You just have to. Council planning processes at the moment is just a nightmare.”

Mr Leoncelli said taxes on developers acted as a natural handbrake on supply, as they didn’t want to take on the debt. Picture: David Geraghty
Mr Leoncelli said developers were being taxed at every single part of the process to the point where there was “virtually no money to be made”.

“It’s cladding, it’s planning, time is delayed because there’s 400 million different things the bank’s charge you with, and won’t lend you any money until you get 80 per cent of the whole project pre-sold,” he said.
“That’s a natural handbrake on supply too. Developers won’t, they won’t take the project, they won’t take the debt on.”

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@daicosisgod; yet another article quoted from the Herald-Sun, that Murdoch rag famous for its decade long 'Dictator Dan' propaganda campaign, largely dismissed by Victorian voters as self-serving opinionated commentary.

As for IBAC's latest report ... 'Operation Sandon', I've just read the ABC's summary and IMO there's no doubt that some MPs, councillors, developers / lobbyists and political parties receiving donations are about to face the music.

" Victoria's anti-corruption watchdog hands down Operation Sandon report "
"... While there are no adverse findings against the premier, IBAC makes adverse comments against Mr Woodman, four city of Casey councillors, lobbyists and Labor MP for Cranbourne Pauline Richards.
Three former Liberal Party state candidates, who were also councillors, including the late Amanda Stapledon and Susan Serey are all criticised in the report.
"Operation Sandon established that Casey councillors Sam Aziz and Geoff Ablett actively took steps to promote Mr Woodman's and his clients' interests and received financial and in-kind compensation in return,'' the report said. ..."
"... The 300-page report makes 34 recommendations centred around tightening codes of conduct for councillors and giving councils greater powers to deal with serious misconduct.
The commission recommends the government set up a task force to work through proposals including removing some planning powers from councils. ..."
https://www.abc.net.au/news/2023-07-27/ibac-operation-sandon-john-woodman-casey-council/102649404