4,500 new private rental homes

Housing Minister Richard Wynne has announced that the “Labor government will deliver a $177 million incentive package to the private sector to build 4,500 new private rental homes in Victoria for low and moderate income families.” The new package was revealed at the launch of the Victorian Integrated Housing Strategy. This forms part of the National Rental Affordability Scheme, a joint initiative between the State and Federal Governments. However, The Age reports that the strategy “does not include any plans for ‘inclusionary zoning’ – a planning tool mandating the amount of new housing stock to be set aside as social or affordable housing – despite the efforts of lobby groups to convince the government”.

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