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Glossary

Urban form

An urban planning term referring to the physical characteristics of the built environment, including the configuration and function of buildings, the density of housing and their relation to each other and the natural environment.

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Glossary

Urban renewal

A strategic planning intervention to redevelop an established urban area. Its purpose is to regenerate the area and improve neighbourhood amenity in often underutilised or disadvantaged urban areas.

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Glossary

Vacancy rate

The proportion of private rental sector properties that are currently unrented but are available to rent in a specified region. Traditionally, a fair rental market (for both landlords and tenants) has a 3% vacancy rate.

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Glossary

Value capture

A tax to capture an increase of value generated through public investment or planning, such as the provision of new infrastructure or rezoning of land. Value capture can be essential in helping government fund local infrastructure improvements or in establishing new urban areas.

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