4.13: Residential Land Release

Sustainable residential land release.

Other Information:

Timely and appropriate land releases are crucial to support the continued population and economic growth of Canberra. Provision of housing choice, and a range of housing that meets affordability criteria, will enable Canberra to attract and retain the workforce it needs, as well as encouraging social inclusion. Coordinated and appropriately located land releases also minimise the costs to the community of providing infrastructure and services. With these objectives in mind, the ACT Land Release Strategy 2008–09 provides the framework and direction to achieve the greatest benefits for the community from government land holdings and to assist in the provision of affordable housing. Key components of the land release strategy include initiatives such as the promotion of high-density residential development, including small, low-maintenance homes so that ageing households can downsize, thus freeing the existing housing stock for growing families. The five-year land release program will also provide for growth by facilitating the delivery of 15,000 dwelling sites in a combination of new release areas such as those planned for Molonglo, and the more efficient development of existing residential areas through appropriate urban infill. This level of supply will meet demand for residential development. It will also create an inventory of serviced land, enabling the ACT Government to respond quickly to changes in market conditions.

Indicator(s):

Indicator:1

Content