19 November 2007

Stanhope starts to panic... starting to worry about being caught out gouging on land/housing affordability

| Jonathon Reynolds
Join the conversation

It appears that Stanhope is feeling more than a little threatened with his latest incoherent rant “Humphries sets stage for return to ACT politics” fearing the possible return of Gary Humphries to the local government political arena.

In reality the Senator Humphries was pointing out some home truths, “Pouting Stanhope Shouldn’t Poo Poo Land Release“, about the Stanhope regime’s method of tightly controlling the land releases thus driving prices astronomically through the roof.

Making more land available on the market quickly is fundamentally good thing, there is no way that we can undo the huge increases in the value of land that have already occurred. The best we can do is attempt to slow the increase by making more land available and using the market forces of supply and demand to set real prices.

The land component previously accounted for only small proportion of the total cost of a house. Now it is easily 20-33% a significant portion of any house price. At the same time the actual cost of materials for construction has been steadily dropping, whilst the labour component cost has increased but nowhere near the extreme price gouging (by severely limiting supply) that has occurred since Stanhope has been in govenment.

I know in terms of housing is the so called “affordable blocks” that are drip fed out at Harrison (in Gungahlin) cost more per square metre even the few remaining few blocks available at O’Malley. And if you don’t believe me go look the figures up yourself on AllHomes.com.au.

Join the conversation

All Comments
  • All Comments
  • Website Comments

If you’re waiting for a house price drop in Canberra, you’ll be waiting a while. The current budget already provided for 5000 extra public service positions, over half in Canberra. Supply side problems have not been sorted. And I seriously doubt any govt is going to clean house when there’s so much money floating around.

Meanwhile, the Braddon development news is good for my Braddon properties! Hopefully I can grab a couple more before the market moves to much.

and neither do I (and its not 2620 – that emotive image is one created by you to make youself feel better. This is nothing better than creating fictional “bad guys” – Liberals with tampa and Sudanese- unions with Bosses granting themselves pay rises in aboard meeting after stripping the virtuous masses of all their conditions won during the great crusades.

Like a puppet on a string on a string…..

Fix your blog Jonathon:

“29 January 2003

The Gungahlin Equality Party has changed its name to the ACT Equality Party on the ACT’s Register of Political Parties, the ACT Electoral Commissioner, Phil Green, announced today.”

Oh I like your use of Proud which is very much a Labor song on your blog.

Well, my postcode is 2620 too, but I do not live in Queanbeyan. Or in a flat, lurking hopefully rubbing my money waiting for the collapse of the Canberra property market!

Thanks for that, Pandy – I didn’t know he was card carrying.

such an angry socialist casting very hypocritical dispersions on the prolitariat capital of the region – have a bubble bath, a Chardonny and grumble about the injustice of the world.

Well, there is rather a lot of overpriced bedsitters in queanbeyan, with that sprayed-on concrete ceiling stuff. I imagine though that you may have gone upmarket and got one with a bedroom.

Yeah thats right bedsitter in Queanbeyan. cause that all that is there.

Jonathon Reynolds is prepared to be vocal on matters political where a difference can be made


I look forward to more vote1reynolds pearlers

Insert a comma up your arse !!!

You’re sitting in Griffith sipping red wine eating lobster at Manuka posting on RiotACT via 802.11g cafe wireless madness !! ??

You’re sitting in a bedsitter rental in Queanbeyan, planning your assault on the Canberra property market?!

It’s amazing how the federal government is supposedly “not responsible for” these days :S
Canberra needs more available blocks of land for housing no doubt. But who in Australia can afford to go for a house loan ???

Surely the people in Red Hill wouldn’t wanna move to Taylor or Forde …

It actually didn’t take that long, I sold in Dec 1995 and bought again in much a better location 8 month later. Even better was that interest rates dropped at about the same time. This time we are in a rising rate environment – I am renting just outside of Canberra (so now my vote actually counts). I can quite happily wait for the triple impact of rising rates, razor gangs and belated land releases.

regularbrowse4:59 pm 18 Nov 07

Hi thetruth,
Interesting discussion about house prices. Last time (1996) the Federal Government changed political colours and slashed jobs it took 18 months to 2 years for house prices in the ACT to bottom out. Can you afford to pay high Canberra rents for that long?

el ......VNBerlinaV83:42 pm 18 Nov 07

Perhaps hoping that this thread, and references to it in ‘Recent Comments‘ go away quickly? That’ll only happen if people stop responding I guess…

Waiting for his Liberal mentor to write a reply for him?

el ......VNBerlinaV82:01 pm 18 Nov 07

Hear that?


Yep, still no response.

Sepi, only by stealth.

Is Jonathon the Pratt of the North?

I think he is using RA to build-up a CV of how he has attacked Sonic to take to his pre-selection meetings. No matter how stoopid it sounds it will sound great to the party faithfull.

Rather than keeping his mouth shut, and keeping his dull thoughts from being permantely recorded, he has distanced himself further from the halls of the Labor Government and will be a liability for the Gungahlin Council. But they wont see that.

What will be interesting is when he goes door knocking for the Liberals in Gungahlin, the new nappy valley, someone will alert the media to how he supported Burke and her attack on Gallagher. That will go down really well with working mothers.

Hear that? It is the sound of the gurgler.

Well he has put his real name to it though.
If he wanted to promote the libs secretly he could have just used a nickname.

“comprehensively sprung” seems to describe the current situation! Where do they find these people? Did he see riot act and think “oh goody, a media outlet where I can write my own story, and no one will know”?

You are kidding no one Jonathon with your latest blog on Vote1reynolds. Deny you are not
a) A member of the Liberal Party; or
b) seeking membership of the Liberal Party; and
c) that you have been courted by the Liberal Party to stand for Molonglo at next years ACT election.

also, am I the only one that detects zero panic in that release? I more took away, “Canberrans are able to distinguish between the levels of Government and they are able to distinguish an effective federal advocate when they see one — and when they don’t.”

Same as that article on the front page of the chronicle, with “concerned gungahlin resident” jonathan reynolds discussing contractors wasting water and slamming the government for it. That really pissed me off, ala astroturfing.

I wish to question also in that photo Mr Reynolds, isn’t that fence around the site meant to keep people out? Funnily enough you seem to be inside the construction site, with no helmet, no pass, nothing that entitles you to be there.

MrM Jonathon is a Liberal.

Hey I am on the record I have sold my Canberra house on the basis of this election. I made profit in 96. Selling high and buying after the slash and burn

I have also clearly stated that I will split my vote Labor reps and lib senate

Hmm…do you suppose there’s much of a political agenda behind these posts? LOL.

Don’t worry high house prices in Canberra will not be a problem from the 25th of November (see what happened in 96)

… there is no way that we can undo the huge increases in the value of land that have already occurred.

Ah! So you’re saying that a block of land that cost $300,000 yesterday will never decrease in price below $300,000? Excellent! Then I don’t need to worry about property prices dropping after I build my solar-powered camel rendering plant on the premises!

Big Jon is just perpetuating the Canberra syndrome, ie governments assisting real estate interests to wax fat while doing bugger all about providing alternatives.

BeyondThought4:31 pm 17 Nov 07

Chairman Jon, get a grip !!!

Daily Digest

Want the best Canberra news delivered daily? Every day we package the most popular Riotact stories and send them straight to your inbox. Sign-up now for trusted local news that will never be behind a paywall.

By submitting your email address you are agreeing to Region Group's terms and conditions and privacy policy.