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{{propApi.successMessage}} {{region}} Change locationGreens growth boundary would further inflate land prices
Greens growth boundary would further inflate land prices
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“The experience across Australia is that where cities create arbitrary boundaries on their outskirts, there is an immediate inflationary impact on all land inside the line,” said HIA
Regional Director for ACT & Southern NSW, Greg Weller.
“The ACT has mechanisms for controlling what is built and where, and it’s called the Territory Plan. Furthermore, there is one major land developer in town, which is the ACT Government.”
“The notion that a line around the city is needed to control development doesn’t hold water.”
“Instead, ACT Government strategies should be long term to create certainty of land supply – for both infill and greenfield - and create an appropriate mix of blocks in good locations at an affordable cost.”
“The current indicative land release program should be expanded from 5 years, to also include development projections for a 10, 15 and 20 year horizon, to provide certainty for the city and its residents.”
“The ACT should be looking at ways to make housing more affordable and accessible to a growing population, rather than inflating prices.”
“Our message for the ACT Planning Minister and members of the Legislative Assembly is to ignore this idea, because it’s bad advice,” concluded Mr Weller.
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