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Make housing affordable and cut road congestion all at once? Here’s a way

Martin Payne writes in The Conversation (2.2.17) about how a combination of transit-oriented centres, inclusionary zoning and a special rate on land instead of stamp duty could make housing more affordable by cutting congestion, development and travel costs.

'Two of the most pressing problems for Australian cities are housing affordability and traffic congestion. But there is an approach to both problems that could lead to significant improvements at low cost and relatively quickly. It involves developing transit-oriented centres in conjunction with inclusionary zoning.

'This form of development gives priority to housing affordability and low car use. It does so by requiring a certain proportion of permanently affordable housing and dwellings without car parking, but with strong access to local facilities. Travel is mainly by walking and public transport.

'At the same time, introducing a special rate on land, similar to existing council rates based on land values, and eliminating stamp duty on property transactions would make the market more efficient, reduce budget impacts and support infrastructure provision.

'These measures will in no way completely solve our problems. But they would help increase Australia’s supply of affordable housing and reduce road congestion.'

 

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