The state government's vision to build 800,000 new homes has moved its gaze away from apartments and onto Melbourne's outer suburbs. The Premier has identified vast parcels of land ripe for new houses as part of her plan to tackle housing affordability. But it's Jacinta Allan's plan for new towers that's triggered a tax headache.
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00:00Melbourne is going up and up and up.
00:05It's also spreading out in order to tackle the government's biggest crisis, housing.
00:10The Premier has grabbed land on Melbourne's fringes for 180,000 new homes to be developed over the next decade.
00:17Building new homes and backyards in the greenfields in those outer suburban parts of our great city.
00:24It's their dream. They want that new house with some space.
00:28Labor's dream is for 800,000 new homes built over a decade.
00:3230% to be built in new outer suburbs, the rest in inner and middle Melbourne,
00:37including 20,000 homes next to this new metro station in North Melbourne.
00:41Two stops up the line and you're in the CBD, one of the greatest cities in the world.
00:45So this is an incredible opportunity.
00:47But the centrepiece of Jacinta Allen's housing plan is apartments.
00:50The mooted towers have flattened locals.
00:53Shame! Premier, shame!
00:55That anger may deepen for those around train lines earmarked for development
00:59because any rezoning that improves existing property values could trigger a windfall tax.
01:04The government needs to be very clear on this very soon because there's a lot of uncertainty.
01:10A lot of people are going to be hit with the tax if that's done and I think it will have to be done
01:15because the government is going to rezone all that land.
01:19All of these fees and charges are going to be paid ultimately by people
01:23who should not be expected to bear the burden of Labor's financial management.
01:27The government was approached for comment.