New housing targets set by the Victorian government in bid to tackle the housing crisis

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The state government said Victoria has the largest annual population growth of all Australian states, and it needs more than two million additional homes by the 2050s. Here are the suburbs it's proposing to grow.

The Victorian Government has proposed new housing targets for local councils, in a bid to significantly boost the state's housing stock.

According to the government, the targets had been set largely based on access to jobs, transport and services needed by Victorians. Ms Allan said there were higher targets for some of the inner city council areas in a bid to ease pressure on the outer suburbs. Ms Allan said she hoped it would support regional economies by providing assurance to local building companies while addressing a worker accommodation shortage across some areas.

The government says the targets will help deliver more new homes in regional and rural areas to boost key workers and affordable housing.The figures are not locked but rather a guide, while the government works with local councils to determine if the figures are achievable.

Source: Real Estate Daily Report (realestatedailyreport.net)

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