Victoria’s Housing Statement – The Decade Ahead 2024-2034 sets a bold target to build 800,000 new homes across the state over the next 10 years, delivered through an Affordability Partnership with the housing industry.

That includes a target to build 648,000 new homes in metropolitan Melbourne and 152,000 new homes in regional and rural Victoria.

As part of the work to build the 2.24 million homes Victoria will need by 2051, a regional target to build 425,600 homes across the regions and rural areas has been set.

Victoria’s Housing Statement focuses on five key areas to tackle housing supply:

1. Good decisions, made faster: reforming Victoria’s planning system, clearing the backlog of planning permits, giving builders, buyers and renovators certainty about how long approvals will take – and a clear pathway to resolve issues quickly if those timeframes aren’t met
2. Cheaper housing, closer to where you work: unlocking new spaces to stop urban sprawl, building more homes closer to where people have the transport, roads, hospitals and schools they need and delivering vital, basic community infrastructure
3. Protecting renters‘ rights: closing loopholes that drive up the cost of living for renters, giving tenants more certainty over their leases, living standards and finances, and resolving disputes faster to keep them out of VCAT
4. More social housing: rapidly accelerating the rollout of social and affordable homes across Victoria and launching Australia’s biggest urban renewal project across Melbourne’s 44 high-rise social housing towers
5. A long-term housing plan: delivering a long-term plan to guide how Victoria grows in the decades ahead, and reviewing the Planning and Environment Act 1987 to build a planning system that works for Victorians.