Chief Minister Stanhope is claiming to be striking a blow for housing affordability by giving a hurry up to land releases:
- Two residential development sites, one at West Macgregor and one at Casey, will be released by direct sale to the developers already delivering blocks on adjacent land, to accelerate land release and boost housing affordability.
Chief Minister Jon Stanhope said the releases, at least a year ahead of schedule, would ensure as many Canberrans as possible could take advantage of the six-month extension to the Commonwealth’s enhanced first home owner grant.
It looks to me like someone’s trying to flog as much land before the market turns south.