Adopt the principles of the land Supply Strategy 2006-07 to 2010-11 as the foundation for addressing housing affordability.

The land release program has been accelerated with 3,470 dwelling sites released in 2007-08, in excess of the targe of 3,200. This is the greatest number of dwelling sites released since self government.

Supplement the land release targets in the Land Supply Strategy by initiatives relating to community housing and institutional investment in rental accommodation.

Land has been allocated to CHC Affordable Housing for development, with further allocations of 120 dwelling sites scheduled each year. Land has also been identified for the private rental initiative. This will complement the Commonwealth’s National Rental Affordability Scheme.

Introduce over-the-counter sales of land at a range of block sizes and prices, with particular emphasis on the release of land (prices from $60,000 to $120,000) that provides for dwellings in the price range of $200,000 to $300,000. Transitional arrangements should apply in the short term, but be in place for no more than 6 months.

Provisions to allow over-the-counter sales have been adopted.

More than 100 blocks are now available for sale over-the-counter at the LDA, with 86 sites in Bonner, 28 in Franklin, and 20 at Ginninderra Ponds.

The Government now requires that 15 per cent of all new land released includes affordable house and land packages. This has been implemented in releases in Crace, Casey and other Gungahlin releases. The LDA has established the OwnPlace initiative to provide new house and land packages for less than $300,000 to eligible home buyers.

Following the expiration of the transitional period, the OwnPlace scheme has been introduced and land is now available for sale over-the-counter.

Establish quarterly targets for over-thecounter sales, and implement monitoring systems to ensure performance against those targets.

Accelerated land release program targets have been set, with priority being given to meeting demand. The majority of future land releases will feature a component of over-thecounter sales. Monitoring arrangements are being developed.

To limit speculation in the land market, announce a program of regular englobo land releases, targeting two land sales annually with at least one third released by this means.

Englobo land releases are now a component of the Land Supply Program, with the aim of delivering one third of the land released over the next five years in this way.

Specific sites have been identified for release in the next five years.

Current englobo releases include:

• Macgregor West 1 (768 dwelling sites released)
• Casey 1 (700 dwelling sites released)
• Casey 2 (1,100 dwelling sites to be released 2008-09)

Urgently review the need for trunk infrastructure to meet land supply, community housing and private land release needs and ensure budget funding is provided to meet these needs.

Through the Building the Future program funded in the 2008-09 Budget, $200 million has been committed principally to support trunk infrastructure in new developments over the next five years.

Benchmark land development costs every two years through independent analysis.

Studies will be undertaken every two years and will focus on changes required to enhance land release and affordable housing initiatives.