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Suitable land that is available for development. Typical uses for land include agricultural use, residential use, industrial use and infrastructure use. Land supply can be fixed, limited, or is sometimes uninhabitable leading to a shortage of suitable supply.
An annual state tax levied on owners of specified land holdings such as investment properties, commercial properties, holiday homes and vacant land. In many jurisdictions land tax is not applied to a landholder’s primary place of residence.
A government intervention in the urban development process, usually at state or local government level, that incorporates policies and regulations guiding urban change and determining future use of land. The purpose of land use planning includes coordinating private and public investments, informing communities about future change and mitigating potential negative impacts of developments whilst enhancing beneficial outcomes for the wider community.
The term ‘liveability’ describes the qualities of a place that shape a community’s experience and wellbeing. Liveable communities are characterised as being ‘safe, socially cohesive and inclusive, and environmentally sustainable, with affordable housing that is linked to employment; education; shops and services; public open space; and social, cultural and recreational opportunities.
Local government areas are the legally designated parts of a State or Territory that are under the responsibility of an incorporated local governing body.
A program that is an indirect subsidy from the US federal government, jointly administered through the US Department of Treasury’s Internal Review Service (IRS) and local and state housing finance agencies, to develop affordable housing by offering developers annual taxation subsidies for a given period of time on the condition that the dwelling meets the affordability requirements of the scheme. Tax credits are awarded to developers of eligible projects and may be claimed annually over a ten-year period. These credits are usually sold to investors to raise capital (or equity) for the projects, thereby reducing the funds which need to be borrowed to complete the project. The reduced debt on the project enables the developer to offer lower, more affordable rents.
A household with income in the bottom 20 to 40 per cent of all household income distribution.
See income quintiles
Markets in which entities (i.e. individuals, households, agencies etc.) seek to be paired with someone or something, with the criteria for matching being highly specific and often requiring reciprocity. For example, a person trying to sell or rent a dwelling set up with existing, expensive disability mobility aids might find the mainstream housing market considers the aids to be of negative economic value, whereas a person who needs the aids would be very pleased to buy or rent such a property and may even pay a premium for the opportunity.
Metropolitan governance refers to the processes and arrangements between state and local government and other stakeholders to plan and manage metropolitan regions. In Australia, the organisational structures to manage issues, including environment, infrastructure and planning, vary between the metropolitan regions.
