How to make houses cheaper? Have more of them.
To that end Chief Minister Stanhope has announced that he’s going to be releasing 3,000 “dwelling sites” to the market each year for the next five years.
Unless it makes housing too affordable of course, because home owners can vote pretty cohesively:
- “While the intention is to release 3,000 sites a year, the government will continue to closely monitor the market and consult with the private sector, to ensure the market can absorb this level of supply. If market conditions change, the program will be adjusted accordingly.
“The ACT Government will continue to maintain a proactive level of land release to meet the strong demand for residential housing and achieve the outcomes for our housing affordability strategy,” Mr Stanhope said.