Policy Pillar Three
Taxation, Financing, & Incentives
Government should better capture the value development creates, increase supply, and ensure equitable housing allocation and outcomes.
The state government has a powerful set of tools at their disposal to ensure better provision and allocation of a more diverse housing supply.
The reforms advocated by YIMBY Melbourne, most notably under our Land Use & Zoning pillar, will create a great deal of economic value for Victoria. It is imperative that the government is able to capture a portion of this value, to ensure equitable redistribution. The policy areas explored under this pillar encourage a housing stock, including large investments in public housing, and the provision of social and affordable housing stock.
Better utilisation of state government taxation, financing, and incentives will enable the government to unlock new revenue streams, all while creating additional private and public housing supply.