In relation to the sale, purchase and building of ACT Housing properties:

(1) What is the policy on the sale, purchase and building of properties.

(2) How many properties were (a) sold and (b) what was the total value receipted for the years

(i) 1995

(ii) 1996

(iii) 1997

(iv) 1998

(v) 1999

(vi) 2000

(vii) 2001 and

(viii) 2002.

(4) In the years in (2) above, how many properties were (a) bought and (b) what was their total value.

(5) In the years in (2) above, how many properties were (a) built and (b) for how much by (c) region and (d) suburb.

(6) In the years in (2) above, how many properties were (a) bought and (b) for how much by (c) region and (d) suburb.

(1) The policy for disposal and acquisition of ACT Housing properties is set out on pp27-28 of the Ownership Agreement which formed part of the 2001-2002 Budget.

In summary, vacant houses are sold where they are beyond their economic life, are high maintenance properties and/or are over 40 years old. Similar factors are relevant when complexes are sold and a further factor in the case of most recent sales of complexes has been that the size and type of units no longer meets ACT Housing's needs. For example, both Lachlan Court and McPherson Court were almost entirely comprised of bedsitter units.

Stock is acquired to meet areas of need identified through allocation times from the applicant list with a preference for spot purchase rather than construction.

(2), (3), (4), (5), and (6)

ACT Housing statistics are kept on a financial year basis - see Attachment A.

However, a summary of ACT Housing's property holdings by suburb as at 28 February 2002 is enclosed for information - see Attachment B.