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ARTICLE · 24 NOVEMBER 2014

ACT Government announces Canberra property industry stimulus package

Moulis Legal
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Development obstacles and costs have been reviewed, and a number of changes have now been implemented or foreshadowed.

AustraliaReal Estate and Construction
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By Daniel Moulis, Principal and Lauren Gray, Lawyer

The ACT Government has announced a welcome "stimulus package" for the Canberra property and construction sector. Development obstacles and costs have been reviewed, and a number of changes have now been either implemented or foreshadowed to encourage new investment and new construction. The ACT property industry has been crying out for the right signals from the Government for some time now, and the intention and hope of these changes is that they will allow developers increased flexibility and reduced costs associated with their projects.

This Property Reporter explains:

  • planned fast-tracking of major projects;
  • remissions offered on lease variation charges;

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