Canberra’s affordable housing targets ‘so small it’s insignificant’: expert

A housing affordability expert has branded the ACT government’s affordable housing targets as “so small they’re almost insignificant”, suggesting the government’s control of land supply means it should be doing more.

The government published last week new targets for affordable, community and public housing across Canberra, revealing it would be only about 3.5 per cent of land to be released this financial year, ahead of new targets from July.

A housing affordability expert has branded the ACT government’s affordable housing targets as “so small they’re almost insignificant”, suggesting the government’s control of land supply means it should be doing more.

The government published last week new targets for affordable, community and public housing across Canberra, revealing it would be only about 3.5 per cent of land to be released this financial year, ahead of new targets from July.

Prof Phibbs also said the ACT government’s relatively high land sales profit margins probably exceeded the industry standard, depending on the nature of the development, but the government did not face the same risk private developers did in other states.

Click here to read more.