Agreement unlocks long-awaited land for new homes in the ACT
The HIA has welcomed a deal between the ACT and Commonwealth Governments to redevelop under-utilised CSIRO land for housing. The agreement is seen as a step toward boosting housing supply in the ACT.
What does the ACT-Commonwealth CSIRO land deal mean for new housing construction work?
Builders and related trades in the ACT may see increased work opportunities as new residential development on the CSIRO land progresses.
Key takeaways
- The ACT and Commonwealth Governments have agreed to redevelop under-utilised CSIRO land for housing.
- The HIA describes the deal as an important step toward increasing housing supply in the ACT.
- No timeline or project scale has been specified in the announcement.
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