Liberal Leader Zed Seselja has announced that if elected he’s going to fix the horrible state of housing affordability in Canberra:
“We already know Canberra is one of the most expensive housing markets in the country, second only to Sydney. It now takes 6.2 times the annual average income to afford an average-priced home.
“This figure is almost double what it was when ACT Labor took office in 2001.
“Canberra’s affordable housing crisis has come about due to restricted land supply, a broken planning system, poor infrastructure delivery, high taxes and a lack of competition.
“That’s why the Canberra Liberals have policies for addressing these issues. These would include a genuine land bank, which would have a pool of land ready to release, with regard to changes in the market.
“Through our Infrastructure Canberra Bill, the Canberra Liberals would also establish an independent infrastructure commissioner backed by an industry board to ensure that infrastructure is delivered in a more timely and targeted manner.
“The housing crisis created by this government is of great concern the Canberra Liberals, and we will take all reasonable steps to improve the situation,” Mr Seselja concluded.
While we wonder just how effective these measures will be we do have to wonder; as there’s nothing there about raising incomes is it Liberal policy to reduce the value of real estate in Canberra?
That would be courageous.