ACT to study whether growth boundary will push up housing costs
The ACT Government agreed to assess whether limiting outward expansion could make the housing affordability crisis worse.
The ACT Government will look at how a proposed urban growth boundary could affect housing supply and prices. Findings will be due in June 2027.
Independent MLA Leanne Castley raised concerns. Limiting suburban development without building enough homes in existing suburbs could make Canberra's housing crisis worse.
Castley pointed out that in 1981, someone earning the median wage could buy a typical home in about two and a half years. Today, it would take more than seven years.
The boundary is meant to protect surrounding bushland and sensitive areas. But Castley warned it could limit the supply of detached homes and larger properties unless higher-density development keeps up with demand.
- Two-and-a-half years
- Earnings needed to buy home in 1981
- More than seven years
- Earnings needed to buy home today
- June 2027
- Assessment deadline
- Canberra
- Focus of government proposal
Why it mattersThe assessment will shape whether Canberra stays affordable. Or becomes increasingly out of reach for ordinary families and renters.
AustraliaFor Canberra residents and buyers, the study will determine if protecting green space comes at the cost of home availability and price.
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