The State Government has committed to working with Local Government to improve housing affordability in South East Queensland (SEQ).
Tuesday’s State Budget provided up to $2 million to the Council of Mayors (SEQ) Target 5 Days Extension Project to continue improvement to development assessment (DA) performance in SEQ councils.
The Target 5 Days Extension Project, a partnership between the Council of Mayors (SEQ), the Local Government Association of Queensland and the State Government, is the next phase of a commitment to continuous improvement to DA performance.
It follows on from the successful Target 5 Days project, which delivers a five day turnaround of residential approvals by SEQ councils, contributing to a 75 per cent reduction in average DA timeframes.
Council of Mayors (SEQ) Chairman Cr Graham Quirk said that the project could deliver time savings of up to 25% for large subdivision development applications and even more for lower risk operational works development applications.
“This could potentially equate to a reduction in holding costs for the development industry of $14 million per year and an average 12 week time saving,” said Cr Quirk.
“On top of the savings already delivered by Target 5 Days and RiskSmart reforms in Council approval processes, this reduction would contribute significantly to further improving housing affordability across the State.
“The Target 5 Days Extension Project will also target the efficiency of the operational works approval process to further reduce timelines for development.
“Councils recognise that reducing development assessment timeframes is part of the challenge to achieving better housing affordability for Queensland residents and more certainty for business,” Cr Quirk said.