Yet another Territory Plan version

Jazz 10 July 2007 4

Today’s CT has an interesting article on the 3rd revamp of the ACT Territory Plan. Apparently the second version was an arse and this one, due to take effect early next year will make building approval cheaper and more expedient.

It claims that property and business groups are excited to have the win (which doesnt surprise me as they’re the ones actually building all the new homes) however it makes me wonder if we, the public will actually see any difference in housing prices or the cheaper costs will get swallowed up in larger margins for property developers.

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4 Responses to Yet another Territory Plan version
grozmo grozmo 6:45 pm 24 Jul 07

Keep in mind that the monopoly developer in the ACT is the government itself (the LDA) since it took over ALL development some years ago.

emd emd 8:15 pm 12 Jul 07

Maybe I’m just cynical, but what a coincidence that this is happening at the same time as the community consultation on what should happen to closed school sites…

philbert83au philbert83au 3:46 pm 10 Jul 07

It would be a nice thought, but right now whatever the market will pay is what the cost of housing is and it seems from recent experience the developers will be the ones getting the bonus.

Snahons_scv6_berlina Snahons_scv6_berlina 10:11 am 10 Jul 07

While property continues to get sucked up at current prices, pigs will fly before house prices fall. We’ll call it ‘market forces’.

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