Why does the Strategy identify a dwelling yield of 3,126 dwellings when the target is 2,600?
The State Government monitors dwelling numbers annually to ensure councils meet their obligations for future housing. In the past, the Department of Planning has required that Council rezone land to provide opportunities for additional housing. However, in the progression of this Housing Strategy, it is necessary to ensure that the additional 2,600 dwellings will actually be built over the target period. Not every property which is rezoned will be developed within the 10 year period. To account for this, it is necessary to rezone land with opportunities in excess of the 2,600 dwellings. Assuming that only 80% of properties will be developed within the target period, the estimated dwelling yield is 3,126 new dwellings, 20% more than the target.
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