Page 2953 - Week 10 - Thursday, 15 August 1991

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MINISTER FOR THE ENVIRONMENT, LAND AND PLANNING

LEGISLATIVE ASSEMBLY QUESTION

QUESTION N0..449

Residential Land Servicing

Mr Kaine - asked the Minister for the Environment, Land and Planning

(1) Has the Ministers attention been drawn to comments made by

Mr Languor in The Canberra Times of 17 June 1991 that land

serviced by the government will cost less to purchase while

recovering costs.

(2) Is there any evidence to support this claim.

Mr Wood - the answer to the Members question is as follows:

(1) Yes.

(2) A review is currently being undertaken to consider how the

implementation of ALP policy on public sector land development

may best be introduced. Financial and economic factors will be

fully investigated during the review and will provide details of

short and longer term expenditure and revenues expected from

public sector development.

Over many years land servicing by the Government provided home sites for ACT residents at low cost - the result of efficient operation and low profit margins. However, there were times when budget funds for land servicing were not forthcoming which resulted in shortages of serviced land. As a consequence prices rose significantly in these periods.

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