Budget opportunity to build homes not barriers
Perth's allure as a desirable and prosperous city is increasingly being overshadowed by the stark reality that the city is facing a growing housing crisis.
The recently published
Demographia International Housing Affordability
report by Chapman University was the latest instalment of poor news for property buyers, with Perth ranked as the 18th most unaffordable city for housing globally.
This alarming statistic underscores the urgent need for action. As the State Government finalises its 2025-26 budget, it's time to move beyond short-term fixes and embrace a comprehensive long-term vision for housing.
One of the most pressing needs is a significant and strategic investment in infrastructure. We can't expect to accommodate a growing population without providing the essential services and connections which support thriving communities.
This goes beyond laying more pipes and paving more roads.
It requires a holistic approach to planning, which prioritises projects connecting new communities to employment hubs and providing access to quality education and healthcare.
We must also embrace innovative solutions, such as smart grids and sustainable water management, to ensure the long-term viability of our infrastructure investments.
Beyond infrastructure, we must also carefully consider the impact of taxes and charges on the cost of housing.
While government revenue is essential for funding public services, we need to be mindful of the potential consequences of policies which add to the financial burden of building and buying homes.
Are we inadvertently discouraging development or making it more difficult for young families and first-time buyers to enter the market?
A thorough and transparent review of our tax system is warranted, with a focus on streamlining processes, reducing restrictions to housing mobility – like stamp duty – and incentivising responsible development which meets the diverse needs of our growing population.
This review should also consider the potential for tax incentives to encourage the development of more affordable housing options such as apartments and townhouses.
Finally, we must address the inefficiencies plaguing our planning system. Delays and red tape can add significant costs to development, driving up the price of housing and making it less accessible.
Planning reform requires a commitment to streamlining approval processes, reducing bureaucratic hurdles and fostering greater collaboration between government, industry and the community.
By investing in infrastructure, reforming our tax system and streamlining our planning processes, we can create a city where everyone can find a safe, secure and affordable place to call home.
The upcoming budget presents a crucial opportunity to make this vision a reality but it requires a commitment to long-term planning, strategic investment, and a willingness to embrace bold and innovative solutions.
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