Page 2514 - Week 09 - Thursday, 17 September 1992

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MINISTER FOR HOUSING AND COMMUNITY SERVICES

LEGISLATIVE ASSEMBLY QUESTION

QUESTION NO 346

Housing Trust - Manuka Properties

MR CORNWELL: Asked the Minister for Housing and Community Services

(1) Is it a fact that the ACT Housing Trust owns properties at Nos 23 and 27 Murray Crescent, Manuka.

(2) Is it the intention of the Trust to redevelop these properties into small-scale commercial offices or professional suites.

(3) If the reply to (2) is affirmative, why is the ACT Housing Trust entering into such commercial development.

MR CONNOLLY: The answer to the Members question is as follows

(1) Yes.

(2) No.

The Housing Trust has applied for a lease purpose variation for each property to allow for its use for residential and small scale professional offices and consulting rooms, so that they can be sold and the proceeds used to purchase replacement rental housing. The Housing Trust seeks to maximise the value of these assets so that the proceeds can be used to assist a greater number of people on the waiting list than might otherwise be the case.

(3) Not applicable.

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