ACT: 15,000 new homes to ease ACT housing pressure

AAP General News (Australia)
04-30-2008
ACT: 15,000 new homes to ease ACT housing pressure

CANBERRA, April 30 AAP - More than 15,000 new residential blocks will be released during
the next five years to help ease Canberra's housing affordability crisis.

The land release would have major fronts in the city's north, central west and south-east.

ACT Chief Minister Jon Stanhope says the aim of the release is to meet the demand for
property and have land in reserve as well.

It would also provide a variety of choice for buyers.

The territory government intends releasing 4,200 blocks during the next financial year,
about 1,000 more than this year.

Strong demand for commercial and industrial land will also be met with both sectors
having an average of 100,000sqm released to them each year for the next five financial
years.

AAP dep/rl/jm

KEYWORD: HOUSING ACT

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