Plans for 30,000 new homes in Canberra, including build-to-rent properties

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Plans for 30,000 new homes in Canberra, including build-to-rent properties
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An extra 30,000 homes will be built in Canberra over the next five years under the ACT government's plan to significantly increase the city's housing supply to meet population growth.

The housing package in next week's territory budget will include the release of land for 16,500 dwellings, plans for a build-to-rent scheme and an extra $30 million for public housing growth and renewal projects.

"The owner understands that they are rented for the duration and, from the renter's perspective, you get a purpose-built product and the potential for a much longer-term lease with a landlord that is onsite to meet your needs." "So, it wouldn't be an answer to affordable housing. It would be incredibly expensive housing and it would damage the environment.

"There's an opportunity for mixed-use development there [at the AIS] that would see some additional housing go into a precinct that, potentially, would also see revitalised sporting facilities, hotels, bars and restaurants and other amenities that would see it as an attractive precinct," Mr Barr said.Rental advocate Joel Dignam, from Better Renting, welcomed the government's budget initiatives as a "step in the right direction".

"Although it can be a step in the right direction, it will be really important that we keep a close eye on that and make sure that it is going to provide stable, affordable homes for people and not just getting some developers rich."Elizabeth Lee says the new initiatives fail to offer Canberrans "genuine choice".

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