Briefs

The impact of COVID-19 economic shutdown has raised the prospect of a large number of Australian households being unable to continue to pay their mortgages in the near future.

Australian City Deals are aimed at increasing the productivity and liveability of specific geographical areas, and often target technology-based economic developments as a key solution. Internationally, a number of similar technology-focussed regional development programs—perhaps best called ‘smart city’ programs—can suggest features that need to be considered and addressed in such ‘deals’.

Access to affordable, appropriate, safe and secure housing is foundational to the economic, environmental and social functioning of cities. Urban policy in Australia is primarily focused on the supply of new housing in Australian cities in response to the need to manage urban growth boundaries and address housing affordability issues.

Deliberate policy packages focussed on encouraging economic development in specific geographical areas have come to be known as place-based deals or ‘City Deals’. Their aim is to bring together separate powers, responsibilities, funds, programs and expertise into a cohesive ‘package’ designed to reflect place-based conditions and priorities.

Within national policy frameworks, City Deals have emerged as primary vehicles for the Commonwealth to fund ‘catalytic infrastructure investments’ while also driving ‘urban governance and land use reform’.