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Legislative Assembly for the ACT: 1997 Week 1 Hansard (20 February) . . Page.. 310 ..
MR STEFANIAK (continuing):
(2) (a),(b)&(c) See attachment 1. It should be noted that all properties are sold at or above valuation. The method of sale is by auction and a reserve price is set prior to auction. If the property is passed in at auction, a market price is established based on the original valuation and feedback from the agent during the marketting period, after which the property is offered for sale by private treaty.
(d) Two properties were sold to existing tenants between 1 July 1995 and 30 June 1996. All other properties were sold upon vacancy having been assessed as no longer suiting requirements for ACT Housing.
(e) ACT Housing's current sales policy is to only sell properties which have become vacant and have been assessed as no longer meeting ACT Housing's stock requirements. This does not apply to properties sold under the Sale to Tenant Program.
(f) All vacated properties were the result of tenant decisions to vacate.
(3). (a) One
(b) Nil
(4). An existing tenant was transferred from the property at 34 Bonney Street Ainslie, to allow the purchase of a different property in Ainslie. The Bonney Street property had been identified for future redevelopment.
(5). (a) 14
(b) These properties have been vacant from the following commencement dates.
6 March 1994
14 March 1994
30 April 1994
11 May 1994
15 May 1994
12 December 1994
22 December 1994
7 June 1995
6 July 1995
12 October 1995
14 November 1995
10 April 1996
14 May 1996
24 October 1996
Eight of these sites are programmed for redevelopment, with the timetable depending upon planning approval processes and construction program constraints. Six are vacant awaiting a Variation to the Territory Plan as a result of the Local Area Plan currently being developed for Ainslie.
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