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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