The ACT Government has put a stop to joint private-ACT Housing Trust development in the inner city following concerns over land speculation.
The Minister for Urban Services, Terry Connolly, said he was sending a signal to people buying houses next to trust properties in the hope of getting a profitable redevelopment deal.
Specualtion would not work, he said. There would be no more joint private-trust deals until after the Planning, Development and Infrastructure Committee of the Legislative Assembly had come up with some publicly available guidelines.
His move came after a call by Independent MLA Michael Moore for an inquiry into development in Section 22, Braddon. Mr Moore’s call came after suggestions that developers were asking residents to sell, and suggesting that medium-density development would surround them if they did not.
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