The ‘View from the Top’ CEO panel (plus RVRA representative Jim Gibbons), identified redevelopment of old stock and the planning changes required to release new land as the biggest challenges of the sector.
Stig Anderson said: “We have 23-year-old stock and residents staying longer. Redeveloping (these assets) is our biggest challenge”.
“We need a crisis to get a solution – to work with government. We need land near services where we can build quality and affordable housing”.
Stephen Bull said: “Absolutely the biggest challenge is we are not producing enough new stock. We need to get (government) planning involved”.
“Redeveloping (old villages) is the hardest thing to do. We need to get the Government on board”.
(Across Australia, Stockland has the most developed village refurbishment program. Stephen Bull indicated investments from a few million dollars to up to $100 million per village. See previous report here).