Page 2965 - Week 10 - Thursday, 15 August 1991

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MINISTER FOR THE ENVIRONMENT, LAND AND PLANNING

LEGISLATIVE ASSEMBLY QUESTION

QUESTION NO 465

Residential Land Servicing

Mr Kaine - asked the Minister for the Environment, Land and Planning

Can the Government provide an itemised list of the "unnecessary add-ons private developers required home-buyers to pay" (Canberra Times 18/6/91, Mr Langmore MHO), for serviced residential land.

Mr Wood - the answer to the Members question is as follows:

The price asked by the private developer includes all the usual facilities such as footpaths, driveways and landscaping all of which were provided when land development was undertaken by the public sector.

However, it should be remembered that the cost structures of private sector development and previous public sector development under the NCDC are entirely different.

For example, under the previous public sector land development process raw land was only a nominal cost whereas the private sector has to include the real raw land value and financing costs for their initial purchase. Also the Government can sell with a small or even no profit margin whereas, clearly, the private sector cannot.

2965

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