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

The LDA is on track to deliver the original 2009 Indicative Residential Land Release Program. In addition, the land release program has been increased from 3014 dwelling sites to 4061. Targets for 2010/11 and 2011/12 have increased to 5000 dwelling sites.

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.

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

The Goverment requirement that 15% of all new land released includes affordable house and land packages has now been increased to 20%. This new target is to be implemented in Molonglo and other Greenfield estates over the coming year.

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 an intention to deliver a range of sites over the next four years. Over 4800 sites have been identified for englobo release in the next four years.

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.

Budget bids are being sought for trunk infrastructure to support land supply. A new infrastructure working group has been established to coordinate capital works.

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. Substantial restructuring has been implemented by the Land Development Agency.