Soheil Abedian, a prominent Queensland developer, has built a vast array of luxury properties and high-rises, including the iconic Q1 building on the Gold Coast. Despite his success in Australia's housing market, Abedian expresses deep concerns about the growing affordability gap in the country. He argues that the divide between those who can afford property and those who cannot is undermining the very fabric of Australian society.
Abedian proposes a controversial yet vital solution: mandating that approximately 5% of all new housing developments be set aside for affordable housing. He believes this measure would ensure that people from different socioeconomic backgrounds can live together, fostering a more inclusive community.
Abedian acknowledges that this might impact developers' profits, but he stresses the long-term benefits for society and the housing sector. He argues that sustainable house prices are crucial, and that inclusionary zoning could ultimately benefit developers by stabilizing the market.
Advocates and social service organizations have long called for policies like inclusionary zoning. The federal government is tentatively exploring this approach as part of its National Housing Reform Blueprint. However, it is crucial to implement these changes carefully to avoid exacerbating construction costs. Proposals include either mandating affordable housing in development approvals or offering incentives such as reduced costs or relaxed planning rules for developers who comply.
Although inclusionary zoning is already in place in Sydney, the ACT, and South Australia, Queensland has been slower to adopt it. Previous attempts faced strong resistance from the development industry. However, the economic and social pressures from the ongoing housing crisis may necessitate more aggressive reforms.
Abedian emphasizes that a solution to the housing crisis is crucial in a wealthy country like Australia. He calls for legislation that benefits everyone, particularly emphasizing housing as a fundamental human right. The urgency is clear: with increasing numbers of homeless Australians, the time for action is now.
Abedian's call for inclusionary zoning represents a significant, if controversial, step towards addressing Australia’s housing crisis. By ensuring that new developments include affordable housing, Australia can work towards a more equitable future.
References: ABC News Australia