Land makes the housing market different, so changing planning rules won't fix affordability
- Written by Brian Feeney, Adjunct Fellow, School of Earth and Environmental Sciences, The University of Queensland
A commonly held view is that changing planning rules could significantly increase housing supply and hence make housing more affordable. Recent commentary, including in The Conversation, repeats this. It’s a view that glosses over the special features of land, which allow property developers to control housing supply to a significant extent....