Much akin to a broken record, or a fat bloke stuck on a merry go round, the Yahoo! Channel Seven conglomerate has a puff piece that even make Anna Coren blush about the ACT Gubmint is set to accelerate the amount of home and commerical land blocks for sale each year. Why is it that each time there is hiccup in the economy, the answer is selling land packages? would the answer be Stamp Duty, job for the tradies? perish the thought.
Under the ‘new’ plan released today up to 4000 new home sites will be released each year. Awesome, one thinks it is in response to the pasting that was delivered by Westpac guru Bill Evans, who believes that Canberra’s economy (or lack thereof) is up the pooper when the economy starts to slow down.
“I don’t think the ACT is particularly worse position than say Sydney or Melbourne or Adelaide but not as well positioned as Perth or Brisbane where those economies are getting a direct stimulus from the resources boom.”
Time to start strip mining the National Park ladies.