26 September 2023

New land release plans to make housing boom

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Thousands of new homes are to pop up around Canberra with the Environment Planning and Sustainable Development Directorate (EPSDD) releasing its 2022-23 Indicative Land Release Program (ILRP).

Releasing the ILRP, the Directorate said the Program was a vital tool for implementing the desired growth and settlement patterns of the city and contributing to the supply of land to meet the needs of a growing and changing Canberra.

“The Program sets out the Government’s intended land releases of residential, mixed use, commercial, industrial, and community and non-urban land,” EPSDD said.

“The Program plays a strategic role in catering for our population growth, building a compact, liveable city, attracting investment in the ACT land market and strengthening our economic advantage in the ACT region,” it said.

“Over the next five years (2022-23 to 2026-27), the ACT Government aims to release land to support the development of more than 4,700 single residential and 11,600 multi-unit dwellings; as well as release more than 500,000 m2 of land for mixed-use, commercial, industrial, community and non-urban development.”

EPSDD said the ILRP sought to release land to provide for a diverse mix of housing types and choices, including the dedication at least 15 per cent of eligible residential land releases for affordable, community and public housing dwellings.

“In 2022–23, the ACT Government is looking to deliver land for the development of 3,918 homes (799 single residential and 3,119 multi-unit dwellings) and approximately 245,000 m2 of land for other uses,” the Directorate said.

It said the Program was developed in consultation with other ACT Government Directorates, while the Suburban Land Agency and City Renewal Authority would have responsibility for delivering the programmed land releases.

EPSDD’s 60-page 2022-23 ILRP can be accessed at this PS News link.

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