Liberal leader Zed Seselja is banging the drum on housing affordability:
The number of ACT dwellings approved for building has plummeted by 60 per cent in trend terms since June 2011, while the average cost of a median priced home in Canberra has skyrocketed to the nation’s highest at $505,000. This comes after information obtained by the ACT Opposition shows that the average first home in Canberra now costs over $400,000 for the first time. ACT Opposition Leader Zed Seselja said these figures show the extent of ACT Labor’s mismanagement of the housing market.
“These figures demonstrate just how difficult it is for first home buyers to enter the market, with a median home in Canberra now the most expensive in the country and $30,000 more than Sydney,” Mr Seselja said.
“Worse, ACT Labor has only recently acknowledged it has created a “two class Canberra? where people who are not in the property market are facing the very real possibility that they will never be able to afford a home.
“Longer-term statistics also show building approvals have fallen by 60 per cent in trend terms since June 2011, since ACT Labor placed a $50,000 tax burden on units.
Unhappy as they are with the change of use fees it’s hard to believe developers will stay on strike if the prices are rising.