ACT Opposition leader would release more land for homes, if elected

Canberra Liberals leader Alistair Coe would release more land for free-standing homes than the current government, if the opposition wins government at the 2020 poll.

Mr Coe’s comments follow news the government’s land sales profits rose four-fold in just four years, though Mr Coe did not outline how much land he believes needs to be released, or at what price.

A spokesman for Chief Minister Andrew Barr also rejected the suggestion by former Treasury official Dr Khalid Ahmed that the government may have held back releasing land to increase its dividends in later years.

It comes as the average price of a residential block in Canberra has become the nation’s second-highestrents are the highest in the country and the government has faced criticism over the slow progress on a new affordable housing strategy in Canberra.

While Housing Minister Yvette Berry has said the housing affordability was complex and the government would put forward a number of different ideas in the housing strategy later this year, stakeholders were surprised to find no new significant funding injection to address the issue in the latest budget.

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Source: The Canberra Times