ACT & Capital Region Executive Director Ashlee Berry said the changes have the potential to unlock thousands of new homes across existing suburbs, allowing for a more diverse mix of housing close to shops, schools and public transport.
"This is the biggest change to zoning in the ACT since self-government, and it's exactly what we need to give Canberrans more choice about where and how they live," Ms Berry said.
"Allowing townhouses, duplexes and small apartments in suburban areas will improve affordability and give more people the chance to stay in their communities as their housing needs change."
The proposed reforms affect over 90 per cent of residential land in the ACT and reflect years of collaboration between government, community and industry. The Property Council says the next step is making sure those changes translate into new homes on the ground.
"Just because a block has development rights doesn't mean a new home will be built. We know from our members that around 12,000 RZ2 blocks across Canberra still only have one home – and nearly half of those are over 800 square metres," Ms Berry said.
"It shows the opportunity for 'Missing Middle' housing has existed for years, and with the right support in place, we can finally realise that potential."
The reforms build on the Property Council's Unlocking 60,000 Homes report released last year, which found that thoughtful zoning reform could deliver more than half the infill housing needed to support future population growth.
"To meet the needs of future generations, we must embrace thoughtful change and move beyond outdated, exclusionary attitudes that prioritise preservation over progress at any cost," Ms Berry said.
"We're confident the Government understands what's needed to turn this vision into delivery, and we look forward to working together to address the economic and regulatory settings that will help unlock these new homes."
The Property Council has also recommended the ACT Government adopt a formal monitoring framework to report on the number of new homes approved, commenced and completed under the new rules.
"This reform has been years in the making, and the work doesn't stop here. With Canberra's population on track to hit 784,000 by 2060, we're excited to help shape the next chapter in the ACT's growth," Ms Berry said.
