ACT to receive housing boost
A massive housing project in the Australian Capital Territory is likely to boost rental property availability with the proposed redevelopment of almost 900 units.
ACT minister for community services Joy Burch said the property development was one step closer to receiving the green light after a master plan for the Northbourne Flats project was submitted to the government.
The proposed plan will see the existing 245 dwellings on site more than triple - presenting opportunities for ACT residents looking to rent a house in the region.
Ms Burch said yesterday (July 23): "This is an important milestone in a major infrastructure project for the ACT government that will see a substantial increase in housing stock in the inner north, and provide a fitting gateway for the entry to our city."
Included in the development is the incorporation of gardens and open spaces, as well an increase in the number of two bedroom apartment located at the site.
With the first application process expected to be submitted in August, the first property sales of the development are likely to become available in the next few months.
"This consultation will continue to make sure that the needs of tenants and the broader community are taken into account as we progress with this important project for our city," Ms Burch explained.