(APDI®) Applied Property Development Institute

Property Market Question (all opinions appreciated): The State of Victorian economics feels partly traditional macro and partly socionomic based. That is, there are systemic issues with the economic settings and there are problems with general confidence which lead to psych based economic impacts. In other words we aren’t supported by policy and we don’t feel good about it, such that we aren’t making economy friendly decisions. The volume of State housing fixes in the past weeks have been a bit frenetic, not to say I don’t agree with some, but they were proposals that I generally agreed with over 25 years ago when Melbourne 2030 first became obsolete a few years after it was delivered. Density around transport and/or retail is nothing new so we can’t claim it is, but it does still make sense. The issue is that land use planning is exceedingly complex for all development sectors. For example, creating the right planning environment is one aspect, whereas cost escalation, surrounding use acceptance, market forces, financial viability, quality vs location, practitioner experience, practitioner capacity, infrastructure costs, fees and levies, and so on are all elements that impact the ability for the market to create supply at an optimal (cost/quality/volume) capacity. Intense vertical density has to deal with similar and different pressures that intense horizontal density deals with (say input costs vs infrastructure costs) but either way the public sector needs advice that is gained from doers as much as thinkers. Question: if developers are considered too invested in the outcome (and cope grief for it) and the academic (not pracademic) advisors are considered too uninvested in the outcome, then who should be advising the policy makers. Can this question be answered with a degree of ‘reasonable’ assertiveness?

📩 We invite urban planners, policymakers, and researchers to submit innovative case studies on cities in Asia and the Pacific striving to achieve net-zero emissions. 👉 𝙎𝙘𝙖𝙣 𝙩𝙝𝙚 𝙌𝙍 𝙘𝙤𝙙𝙚 𝙤𝙧 𝙘𝙡𝙞𝙘𝙠 𝙩𝙝𝙚 𝙡𝙞𝙣𝙠 𝙛𝙤𝙧 𝙩𝙝𝙚 𝙨𝙪𝙗𝙢𝙞𝙨𝙨𝙞𝙤𝙣 𝙙𝙚𝙩𝙖𝙞𝙡𝙨: adbi.me/3NmJ4C9

A very important upskilling consideration for major property corporates. government, land owners and urban analysts. Custom designed for your orgsnisation on (APDI®) Applied Property Development Institute’s online platform. Click on the links below for further details… https://lnkd.in/gS7k99HV https://lnkd.in/giTb2Uxy