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3,000 new dwellings a year for the next five years.

By johnboy 11 May 2009 23

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.

Also to accommodate all the white goods that will be needed to furnish all these new houses more industrial land is going to be released in Hume and Fyshwick.

What’s Your opinion?


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3,000 new dwellings a year for the next five years.
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hax 8:57 pm 12 May 09

GregW said :

My understanding is that most of the additional costs of building a double storey is offset by the reduced roofing, ground work, slab etc.. that is required. And that in markets with high land value it actually becomes cheaper when the land value component is included. Granted, to a builder this component is irrelevent but $20K vs $45K still seems absurd.

Briefly.. what you’re saying is pretty much correct, except it comes down to scale.
A single room on top is the most expensive (per sqm), and the cost reduces (per sqm) the larger you make it. (it’s mainly the initial cost-hit).

Also, on most blocks of land a 2nd level must be further away from the boundary. There’s really so much more to it, but meh.

GregW 12:30 pm 12 May 09

My understanding is that most of the additional costs of building a double storey is offset by the reduced roofing, ground work, slab etc.. that is required. And that in markets with high land value it actually becomes cheaper when the land value component is included. Granted, to a builder this component is irrelevent but $20K vs $45K still seems absurd.

Gungahlin Al 12:07 pm 12 May 09

Fair ’nuff

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