The Federal and ACT Government have committed $250 million to unlock up to 4,900 new homes across the region including nearly 1,700 for first home buyers.
The $250 million commitment includes:
- $37.5 million to unlock 75 homes through supporting infrastructure works in the Kingston Arts Precinct project.
- $12.5 million to support 150 homes in Weston Creek.
- $100 million to support estate works across the ACT supporting 537 homes across the ACT by 2034.
- $20 million for enabling infrastructure works relocating high-voltage powerlines in Kingston supporting 210 homes.
- $20 million to support water management infrastructure in the Deep Creek project in Molonglo Valley supporting 65 homes.
- $30 million to support landfill capping in the Ginninderry Regeneration precinct on the west edge of Belconnen supporting 86 homes.
- $25 million for the relocation of overhead power lines supporting 85 homes and expanding of existing housing development in the Ginninderry joint venture project.
- $5 million to support infrastructure investment expanding housing development in the Ginninderry joint venture project supporting 35 homes.
Master Builders ACT, the Housing Industry Association, and the Property Council of Australia have all welcomed the announcement.
