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The impact of planning delays and other holding costs on housing affordability

Garner, Gary O. (2008) The impact of planning delays and other holding costs on housing affordability. In Planning Institute of Australia, Queensland State Conference : Looking Forward Outback, 17-19 September 2008, Longreach, Queensland.

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Abstract

Housing affordability is gaining increasing prominence in the Australian socioeconomic landscape, despite strong economic growth and prosperity. It is a major consideration for any new development. However, it is multi-dimensional, has many facets, is complex and interwoven. One factor widely held to impact housing affordability is holding costs. Although it is only one contributor, the nature and extent of its impact requires clarification. It is certainly more multifarious than simple calculation of the interest or opportunity cost of land holding. For example, preliminary analysis suggests that even small shifts in the regulatory assessment period can significantly affect housing affordability. Other costs associated with “holding” also impact housing affordability, however these costs cannot always be easily identified. Nevertheless it can be said that ultimately the real impact is felt by those whom can least afford it - new home buyers whom can be relatively easily pushed into the realms of un-affordability.

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ID Code: 25876
Item Type: Conference Paper
Keywords: Holding Cost, Housing Affordability, Planning, Assessment Period, Opportunity Cost
Subjects: Australian and New Zealand Standard Research Classification > MATHEMATICAL SCIENCES (010000) > APPLIED MATHEMATICS (010200) > Financial Mathematics (010205)
Australian and New Zealand Standard Research Classification > BUILT ENVIRONMENT AND DESIGN (120000) > URBAN AND REGIONAL PLANNING (120500) > Urban Analysis and Development (120507)
Australian and New Zealand Standard Research Classification > BUILT ENVIRONMENT AND DESIGN (120000) > URBAN AND REGIONAL PLANNING (120500) > Urban and Regional Planning not elsewhere classified (120599)
Divisions: Past > QUT Faculties & Divisions > Faculty of Built Environment and Engineering
Past > Schools > School of Urban Development
Copyright Owner: Copyright 2008 [please consult the author]
Deposited On: 23 Jun 2009 11:44
Last Modified: 29 Feb 2012 23:49

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