AFFORDABLE HOUSING ACTION PLAN
For more information call Canberra Connect on 13 22 81 or visit
FACT SHEET – PRIVATE RENTAL
How will the Government’s initiatives increase the supply of rental
The Government acknowledges that the ACT has a very tight rental market. While
the cyclical nature of the private rental market will mean that this tightness will ease
to some extent over time, the Government’s Affordable Housing Action Plan includes
an innovative strategy to significantly increase the supply of private rental properties
in the ACT.
The Government will work with institutional investors to develop and rent 200-400
private rental dwellings. The dwellings may in be in a single development, or spread
across a number of areas, with the overall size of the development (or developments)
likely to be around 1,000 dwellings in order to achieve mixed tenure.
What will this initiative achieve?
This initiative will significantly increase the supply of rental properties, providing
greater access to affordable rental accommodation for moderate income households.
The additional affordable rental accommodation provided will add to that provided by
the significant growth in the community housing sector.
How will the Government implement this proposal?
The ACT Government will make the land available and has sought expressions of
interest from the market with the aim of forming partnerships to package financing,
tenancy management and asset maintenance services. The Government is
particularly interested in receiving proposals that incorporate shared equity and
eventual sales to residents.
Why will investors be interested in this initiative?
The new proposal, which is perhaps the first of its kind in Australia, has the potential
to be a genuine win-win, with a significant boost to private rental stocks easing an
extremely tight rental market and with the capacity for investors to gain an adequate
return on their inves