“There is no shortage of demand for land in the ACT, with prospective buyers camping out to secure a block of land in Canberra’s newest suburbs yet;
— the LDA’s advertising costs have increased almost $700,000 since last financial year;
— selling costs have tripled to almost $4 million, despite the number of blocks released only increasing by around 250 from the previous financial year, and housing affordability continues to decline; and
— Staffing costs have increased from $7.14 million to $9.42 million despite staffing numbers dropping slightly and a new department, Land and Property Services being formed, with 16 positions being transferred to LAPS.
One wonders if there is a good reason for these things?