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Property News

Victoria streamlines planning application process

June 07, 2012

Legislation has been introduced in Victoria that has the potential to increase interest in buying land throughout the state.

The regulations are designed to make it easier for straightforward and low impact planning applications to be given the go ahead.

Planning minister Matthew Guy explained: "Currently all applications follow a single permit process regardless of how complex or simple they are. This is inefficient and costly."

He emphasised that over the past ten years, there has been a significant rise in the amount of red tape, meaning that simple processes are being undermined by excessive complexity.

As a result of the changes, councils across the state should be able to see reductions to their workload and be able to speed up the rate at which they can accept applications.

Anyone thinking of buying residential property in Victoria was recently told that they should make their move before June 30 if they are going to take advantage of state rebates.

The ABN Group highlighted that Melbourne property will be as affordable as it ever has been over the next three weeks, which is partly due to reductions in the cash rate.


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