Page 2773 - Week 08 - Wednesday, 21 September 2022

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Housing ACT—sales and revenue
(Question No 872)

Ms Lee asked the Minister for Housing and Suburban Development, upon notice, on 5 August 2022:

Can the Minister provide details, for the financial years 2013-2014 to 2021-2022 (inclusive), regarding the total revenue from the sale of Housing ACT assets, including a breakdown of the revenue for each site sold.

Ms Berry: The answer to the member’s question is as follows:

Total volume and proceeds of assets sold by the Commissioner for Social Housing, by financial year below:

FY

Volume

Revenue (,000)

13-14

66

$37,992

14-15

77

$40,938

15-16

59

$39,885

16-17

58

$32,961

17-18

68

$52,727

18-19*

99

$35,172

19-20

81

$45,703

20-21

164

$121,197

21-22

153

$139,255

*18-19 saw a number of inter-directorate asset transfers at book value to the previous Public Housing Renewal Program and Asset Recycling Initiative, increasing the overall disposal volume.

The table demonstrates a relatively consistent volume of asset sales from 13-14 through to 18-19, as required by Housing ACT’s business as usual asset management activities and prior to the commencement of Growing and Renewing Public Housing in July 2019.

The increased volume of disposals in recent years responds directly to the Program’s capital requirements and targets older, no longer fit for purpose assets, which have reached the end of their useful life within the Territory’s housing portfolio.

Additionally, a substantial increase in average sale value is experienced progressively from 18-19 onwards. This is primarily attributed to a period of growth in the residential property sector and targeted disposals.

To provide the requested breakdown of revenue for each site sold would be a significant diversion of resources and a potential privacy issue for current owners.

Wallaroo solar farm—site
(Question No 873)

Mrs Kikkert asked the Minister for Water, Energy and Emissions Reduction, upon notice, on 5 August 2022:

(1) Why was a site directly adjacent to the ACT border in view of residences, chosen for the site of the Wallaroo solar farm when there is plenty of empty space in the Wallaroo area that is out of sight of ACT residents.

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