“ACT Government’s Land Release Plan to Enable Over 21,000 New Homes for Canberrans”

ACT, Australia

Article: In a joint media release on 20/06/2024, the ACT Government announced its Indicative Land Release Program for 2024-25 through to 2028-29. This plan outlines the land releases that will enable over 21,000 new homes to be built in response to the growing demand for housing in Canberra. As the population is set to reach 500,000 people by the end of 2027, the Government is planning to cater for this growth through additional housing in new suburbs such as Macnamara in Ginninderry, Jacka in Gungahlin and Denman Prospect, Whitlam and the future Molonglo Town Centre in the Molonglo Valley. More than 866,000m2 of land is scheduled for release over the next five years to support the growing population and anticipated new homes. The land release will include a diverse range of housing from single-residential through to townhouses and multi-unit homes, as well as mixed use, commercial, industrial and community uses. In the 2024-25 land release, sites with requirements for 608 dedicated community, public, or affordable homes have been included. This plan is part of the Housing and Homes wellbeing initiative and aims to provide more housing for Canberrans where they want to live. The ACT Chief Minister, Andrew Barr, stated that the ACT Government has a practical plan to meet the growing demand for housing and is working with the private sector to achieve this goal. Chris Steel, Minister for Planning, emphasized the importance of balancing the need for more housing supply while maintaining a great quality of life for all Canberrans. Yvette Berry, Minister for Housing, mentioned that this year’s ACT Budget prioritizes increasing housing supply for all Canberrans, especially those experiencing disadvantage.