SOUTH Australian Premier Jay Weatherill last week announced a new policy that aims to revitalise the inner-metro area and support the development of up to 18,500 new homes through expanded stamp duty concessions, rezoning key inner city areas and a number of other initiatives.
According to the government, stamp duty concessions of up to $21,330 for off-the-plan apartment sales will be expanded to cover newly rezoned inner-metro areas under the 'Housing in the City' policy. The expansion of the targeted stamp duty grants is expected to cost up to $7 million.
The rezoning sets new minimum and maximum building heights in targeted inner-metro areas designed to complement public transport proposals outlined in the recently-released Integrated Transport and Land Use Plan.
"This policy is designed to provide more choices for people who are presently unable to find what they need in the housing market," Mr Weatherill said. He added that the policy also seeks to provide attractive new housing that is close to the city and where existing services are readily available.
"Planning reforms in the CBD last year have unlocked $3.5 billion in potential investment – now we are focusing on housing opportunities in the inner metropolitan areas," the Premier said.
According to the government, the new Housing in the City policy also includes plans to:
- Expand the pre-lodgement, design review and assessment by the Development Assessment Commission for developments five storeys or above in the newly zoned areas;
- Develop design guidelines with industry and the community to influence the new housing being built in Adelaide and its inner suburbs;
- Establish a new metropolitan design centre to promote high standards of design and development;
- Create a city and inner metropolitan model to assist in understanding the scale and context of development proposals;
- Undertake an initial exemplar urban redevelopment project of six terrace homes at Renewal SA's Bowden site; and
- Work with local councils to upgrade public spaces and streetscapes to create more attractive, safe and usable outdoor areas to support more people living in Adelaide's inner city suburbs.
Mr Weatherill said that to start this process, the government will provide stamp duty relief for South Australians who purchase new apartments in rezoned inner-metropolitan areas.
"This will also help stimulate our housing construction sector, which has expressed to us the need for more stamp duty relief to get their projects off the ground," Mr Weatherill said.
"We also want any new buildings to complement our existing city – they must be attractive, innovative and environmentally friendly. To make this happen, we will be consulting on new design principles with the architecture industry and expanding the role of the design review process," Mr Weatherill said.
Planning Minister John Rau said that providing more living options close to the city is a key objective of The 30-Year Plan for Greater Adelaide and helps to place a limit on urban sprawl and protect agricultural and tourist regions.
Mr Rau said that last year, the government moved to protect the Barossa Valley and McLaren Vale regions from urban sprawl through legislation. He said the new Housing in the City policy proposes the rezoning of key areas within the inner metropolitan councils to support increased density.
"We are also currently consulting on an Integrated Transport and Land Use Plan that will support growth around Adelaide over the next thirty years," Mr Rau said.