YIMBY Melbourne's new Missing Middle Housing Targets report shows where Victoria should build 50% of its total 80,000 homes-per-year target.
Using demand-based modelling, YIMBY Melbourne has identified the LGAs where dense housing is most in-demand and therefore most viable to be built.
But this will only become possible if dense housing is broadly unbanned, and six-storey missing middle housing is allowed to be built around all of Melbourne's 1,992 train and tram stops.
The planning system lacks accountability. No council has an obligation to ensure they're not restricting supply, and that homes are actually getting built. We seek to fix that with a model for housing targets using both carrots and sticks.
Carrots:
Sticks:
YIMBY Melbourne has developed a demand-based model. High home prices indicate places where people most want to live, and where there is a shortfall in supply.
This means that the best way for an LGA to reduce its housing target is to make housing cheaper. And the best way to make housing cheaper is to make it abundant.
This system of enforced housing targets is designed to create a virtuous cycle that drives down prices across the entire city, creating a more affordable and equitable Melbourne for all.
"YIMBY Melbourne's motto from the very beginning has been: build more homes where people want to live. Our demand-driven model for housing targets is based on making that motto a reality."
"If LGAs are worried about how high their target is, then we have great news for them: the best way to reduce your target is to make housing cheaper. And the best way to make housing cheaper is to make it abundant."
"The choice for councils is clear: let more homes get built and get paid, or refuse to do your part and get penalised."