Simon Corbell has just put out a media release (dated 31 May but trust me, only appeared online today) on his land release strategy.
It’s always hard to make head or tail of a Corbell/Boogs collaboration but I think this is the crux of the matter:
the Government has ensured that by the end of June this year concept planning will be in place for some 12,500 additional housing lots in greenfield areas, well in excess of the demand, which is expected to be for 5,000 over the next five years
Which to those who are at least economically semi-literate means he’s trying to lower housing costs in the ACT.
I for one applaud this!
For those who paid through the nose at the top of the market I can only hope you planned it as a long term investment.