Support for idea comes as Victorian government unveils plan to fast-track planning approvals in 10 hubs across city
Melbourne lord mayor Nicholas Reece says that if re-elected he will introduce incentives for developers to turn empty office buildings into flats.Melbourne lord mayor Nicholas Reece says that if re-elected he will introduce incentives for developers to turn empty office buildings into flats.Victoria’s planning minister says she is open to speaking to councils that want to convert offices into apartments after Melbourne’s lord mayor touted the idea as a way to boost housing supply.
Reece said if re-elected as lord mayor he would refund planning permits and building permit application fees where 100 apartments were created in office buildings. He said reduced council rates and a 30% increase in building height for the development would be other incentives. The proposal came after the Property Council last year identified 86 buildings in Melbourne’s central business district suitable for conversion. The housing statement, released in September, estimated that the conversion of old and under-used office buildings could result in 10,000 to 12,000 apartments and mixed-used properties.
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