Betterment capture - Examples
NSW Precinct Acceleration Protocol
Brisbane City Council draft Local Growth Management Strategy
LandCorp Western Australia
Principles of leading practice
Land supply and development
Pitfalls to avoid
Betterment Capture - Examples
NSW Precinct Acceleration Protocol
The NSW Metropolitan Development Program identifies two major areas for new Greenfield development – the North West and South West growth centres. A program of sequenced land release has been introduced to coordinate the provision of infrastructure to new developments. Under the Precinct Acceleration Protocol, areas can be brought forward for release subject to satisfying additional infrastructure provision requirements.
Brisbane City Council draft Local Growth Management Strategy
Brisbane’s draft Local Growth Management Strategy seeks to implement the directions and residential development targets contained in the South East Queensland Regional Environmental Plan. The residential development component of the strategy aims to respond to housing affordability needs and provide a more diverse mix of dwellings, to cater to ‘all socio-economic and age groups’. It identifies areas for new development and redevelopment and facilitates strategies for efficient infrastructure use and provision.
LandCorp Western Australian
30 Month Building conditions. LandCorp imposes sales conditions on all regional developments which require building to commence within 30 months to encourage genuine home buyers and deter speculators from buying LandCorp lots.
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Principles of leading practice
Land supply and development
Leading practice in land supply and development contributes to greater housing affordability in the private market and, in some cases, specific land supply mechanisms may contribute to additional dedicated affordable housing supply, in line with these principles:
- Facilitate the long-term supply of residential development and redevelopment opportunities (at least 10–15 years) at regional and local levels.
- Link land release/redevelopment to efficient infrastructure use and provision strategies.
- Enable ‘out of sequence’ development, subject to approved strategy for infrastructure provision and demonstrated housing demand/need.
- Actively monitor take up of residential development opportunities, and revise projections in response to changed circumstances.
- Achieve certainty in infrastructure contribution requirements, so they can be incorporated in land purchase decisions.
- Facilitate land assembly in preferred locations.
- Introduce signals/mechanisms to deter ‘land holding’ (withholding from the market) by developers.
- Ensure planning and development control requirements are clear and consistently applied.
- Achieve timely approvals.
Pitfalls to avoid
- Complex or lengthy planning assessment processes.
- Bottlenecks or surges in residential land availability.
- Geographic or market segment shortages (for example, enough in the southwest, but not enough in the northwest).
- Gaps in land supply sequences (enough in long term, but insufficient short term).
- Excessive or uncertain fees and charges associated with planning approval.
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