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Legislative Assembly for the ACT: 2018 Week 02 Hansard (Tuesday, 20 February 2018) . . Page.. 409 ..

ending 31 December 2017 was $246 million, an improvement when compared with the $208 million over the same period in 2016-17. The report tabled today outlines the significant milestones delivered during the December quarter.

Suburban Land Agency—statement of intent

Paper and statement by minister

MR BARR (Kurrajong—Chief Minister, Treasurer, Minister for Economic Development and Minister for Tourism and Major Events) (3.33): For the information of members, I present the following paper:

Financial Management Act, pursuant to subsection 62(2)—Statement of Intent 2017-18—Suburban Land Agency, dated 3 and 15 January, and 13 February 2018.

I ask leave to make a statement in relation to the paper.

Leave granted.

MR BARR: The ACT government established the Suburban Land Agency under the City Renewal Authority and Suburban Land Agency Act 2017 on 1 July last year. The agency was established to deliver greenfield development and encourage and promote urban renewal across Canberra’s suburbs and town centres.

The agency will deliver on the government’s goal by maintaining a stable, diversified supply pipeline that meets or exceeds underlying demand. By reducing house price pressure, this will contribute to the government’s broader strategy of improving housing affordability for both buyers and renters. The agency is a key part of this, with a plan to deliver land that will enable the construction of a significant number of new houses and units, increasing the city’s total housing supply.

The Suburban Land Agency delivers affordable housing choices as part of the land sales program and will be implementing the government’s affordable, community and public housing targets in its 2017-18 releases. This is achieved through the land rent scheme, block size, community housing and other strategies. The different types of blocks and developments allow the government to offer a diverse range of housing that suits different needs, lifestyles and income points. The agency also develops and sells land for commercial, industrial and community uses, supporting businesses and organisations to set up and grow in Canberra.

The Suburban Land Agency and the City Renewal Authority together will deliver a more rigorous approach to the release, development and renewal of land. In 2017-18 the Suburban Land Agency has already released land for sale in Red Hill, Wright, Taylor and Throsby for residential use, a community site in Macgregor, and industrial land in Hume. Land sales that are coming up include sites in Coombs, Taylor and Greenway, and a community site in Red Hill. The types of sites include single-house, townhouse and terrace-style sites for people to build their own home in the community through to unit complexes that enjoy a central location and allow for downsizing from larger houses as people’s lifestyles change.

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