Tradeable development rights to protect peri-urban areas: lessons from the United States and observations on Australian practice.

As population growth continues there is greater pressure to manage cities and regions sustainably. These pressures are particularly acute in Australia's fastest growing peri-urban regions. Despite efforts to contain and consolidate urban growth, pressure on the peri-urban interface remains a key challenge. The reliance on traditional regulatory approaches to manage land use change in high growth peri-urban areas is proving to be ineffective. The use of market-based instruments (MBIs) are among the many options available to planners and policy makers to manage growth and development. Tradeable development rights (TDRs) are one type of MBI that have been used widely throughout the US to preserve open space and agricultural lands; however, their application in Australia has been limited. This paper uses a simple case study approach to review two Australian peri-urban TDR cases based on the findings of a large-scale US TDR study. The findings suggest that any attempt to implement TDR programmes in Australia should have regard for the key factors found in successful US TDR programmes. Planners also need to develop an intricate understanding of the internal and external factors that influence peri-urban areas. [ABSTRACT FROM PUBLISHER]