news

18,500 new home sites for ACT

By webmaster

The ACT government has announced a $111.4 million plan to increase the supply of housing in the ACT.

The announcement in the territory’s 2011-12 Budget will see 18,500 new dwelling sites released over the next four years of which 2,400 will be dedicated to affordable homes.

"Molonglo will be the government's main front for greenfield land development over the next 12 months along with sites to be released in Campbell, KingstonKingston, QLD Kingston, ACT Kingston, TAS, Phillip, Wright, Coombs, Lawson, Jacka and Moncrieff,” ACT chief minister and minister for land and property services Jon Stanhope said.

"Managing land supply is vital to help stabilise prices, to ensure adequate land is available to meet demand, and provide certainty to the private sector, helping ACT builders plan ahead," Mr Stanhope said.

The plan will begin with 5,500 sites released over 2011-12, a record numbers and an increase of 500 sites from last year's record land release program.

Mr Stanhope said the government would invest heavily in infrastructure to support the release of land which would be developed into residential housing.

18,500 new home sites for ACT
SPI logo
Thank you.

Your enquiry has been sent to a local Aussie Mortgage Broker.

We will be in contact with you shortly.
Opps.

error occurred.
Unfortunately Aussie cannot attend to your home loan related enquiry at this stage as you must be a citizen or permanent resident.
Do you need help finding the right loan for your investment?
What Aussie do for you:
  • Give expert mortgage advice to help you find great investment loan deals
  • Help you maximise return by lowering financing costs
  • Save you time and effort by helping with the paperwork
First name
Last name
Location
Mobile Number
Are you an Australian Resident?
promoted stories

Top Suburbs

Highest annual price growth - click a suburb below to view full profile data:
1.
BLUE BAY 49.18%
2.
PAMBULA 43.5%
3.
BERKELEY VALE 42.74%
4.
POINT PIPER 40.52%
5.
NORTH TURRAMURRA 38.12%