Next page . . . . Previous page . . . . Speeches . . . . Contents . . . . Debates(HTML) . . . .

Legislative Assembly for the ACT: 2003 Week 3 Hansard (23 October) . . Page.. 4102 ..

*Note: The release is now to be approximately 600 dwelling sites but has been counted on the basis of the 350 identified in the Land Release Program. The additional 250 sites will increase the time frame for completion.

The 2003/2004 Land Release Program proposes the following releases during the remainder of the financial year (excluding the dwelling sites in (3) above).

The above figures represent the release of raw land to developers, it does not indicate the number of blocks sold to individuals. With the return of the Government to land development in July 2003, land currently being prepared for sale to individuals by the Land Development Agency has been included as land released prior to 31 August 2003. It is estimated that an additional 1,000 private redevelopments will occur in 2003/2004.

The projected number of blocks is 30 greater than the published 2003/2004 Land Release Program.

The 2002/2003 Land Release Program originally included the sale of 568 dwelling sites in Harrison 1. The estate was auctioned in May, however due to the successful bidders failing to make deposit payments the estate was re-auctioned with 595 dwelling sites in August 2003. The 568 dwelling sites have not been included in the 2002/2003 figures. If the sale had proceeded as normal then 1,986 dwelling sites would have been sold in 2002/2003.

The published 2003/2004 Land Release Program does not include Harrison 1. If the estate was included the total figure becomes 2,990 blocks, with greenfields being 2,461 blocks.

The 595 dwelling sites in Harrison 1 have been included in the 1,621 dwelling sites released between 1 July 2003 and 31 August 2003.

These estates are being sold by the Land Development Agency to individuals as serviced land. The preparation for their servicing is at or beyond the same stage as if they were sold to private sector developers. Accordingly, they are included in the released figures to ensure consistency.

Next page . . . . Previous page . . . . Speeches . . . . Contents . . . . Debates(HTML) . . . .