The ACT Government has announced the release of 15,600 new homes as part of its 2019/20 Budget.
The ACT Government has pledged to release 15,600 new home sites across the next four years as part of its 2019/20 budget, released on Monday.
The 2019-20 Indicative Land Release Program will include a mix of urban renewal area and new suburban estates.
In 2019-20, the land release program will consist of 488 affordable housing blocks, 140 sites for social and community housing, and 294,085 square metres of land for community uses.
At a glance:
The overall total is below the 4,250 new sites proposed for the same time period in last year's indicative land release program.
In his budget speech, Chief Minister Andrew Barr vowed to keep housing affordable as the city's growing population continued to grow.
"With Canberra’s population growing by around 8,000 people a year, we are adding more land supply to keep up with growing demand to help keep housing affordable," he said.
"In the next year, we will also commence the next stage of investment in public housing across Canberra – investing $100 million over five years to deliver at least 200 more homes and renew another 1,000 properties."
"This investment will commence following completion of our major public housing renewal program in mid-2019, which has seen 1,288 ageing public housing properties replaced with modern and energy efficient homes that better meet the diverse needs of our tenants."
Mixed use releases will be delivered in the town centres in Gungahlin (2019-20 and 2020-21), Woden (2019-20), and Belconnen (2019-20 to 2021-22) as well as the new Molonglo commercial centre (2022-23).
Suburban releases for mixed use development opportunities will be delivered in Moncrieff (2020-21), Coombs (2019-20 and 2021-22) and Wright (2020-21).
Forty affordable rental dwellings will also be released in Dickson to service as Canberra’s second Common Ground community housing project.
The Common Ground model provides support to people who are experiencing, or at risk of, homelessness, as well as providing affordable rental housing for Canberrans on low incomes.
Click here to view the ACT 2019/2020 Budget Papers.
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