Liberal Leader Zed Seselja is pointing out that Canberra median house prices are now the most expensive in the nation (despite our leading housing affordabilty and multi point plans, how can this be?) while builders are going on strike after having been asked to give some of their windfall profits back to the community.
“ACT Labor have left their legacy on Canberra’s housing market through unaffordable first homes, massive housing taxes, and an over-reliance on land sales,” Mr Seselja said.
“The average home in Canberra now costs almost $530,000 and is the most expensive in the country, while the average first home cost is over $400,000. This makes it very difficult for potential first homebuyers to even enter the market.
“It is also clear that ACT Labor’s $50,000+ per unit tax is a significant deterrence for builders, as dwelling approvals have once again fallen in trend terms for the eight consecutive month.
“Canberra’s affordable housing crisis has come about due to restricted land supply, a broken planning system, poor infrastructure delivery, high taxes and a lack of competition.
Would Canberra’s builders take a break until Zed can get elected in October and repeal the change of use charges?