Never has it been so important for government and industry to partner in creating broad scale economic benefit. As we seek to emerge from the COVID-19 crisis, planning reform could be a quick and simple lever to releasing a $5.7 billion per annum uptick to the Australian economy, while also ensuring our cities remain great places to live, work and thrive.
Along with the Property Council of Australia (PCA), we are excited to launch Planning to Prosper – a comprehensive report demonstrating how “quick” planning reforms can improve the productivity of the residential development sector in the short term, aiding pandemic recovery with 39,200 additional jobs.
After extensive industry engagement in each state and territory, Planning to Prosper presents:
- an assessment of how policies that determine the rate, type and location of housing can contribute to a sustainable level of economic activity;
- planning and policy ‘quick wins’, broken down for each state and territory government to ensure housing delivery keeps pace with population growth and diversity objectives;
- economic impact modelling that shows the employment, housing affordability and labour productivity benefits of these quick wins; and
- an opportunity for government decision-makers to become productivity champions.
The economic opportunity is exciting – more houses, more jobs and greater social opportunities. Urbis champions productive planning systems and encourages all levels of government to embrace the opportunity to support our growing housing needs and strengthen the Australian economy.
Find out more about this important advocacy via the Property Council of Australia’s website or download your copy of the report by clicking the thumbnail below.