Nearly 60,000 new homes could be built in Canberra if the government agreed to "upzone" more suburban land to allow greater development in areas which now only allow single detached houses, the Property Council says.
A report commissioned by the industry group said conservative assumptions for upzoned land would deliver the new dwellings across about 21,000 blocks.
"Of a sample of 123,000 ACT blocks, this reform would affect around 65,161 blocks. We estimate that RZ2 zoned land will increase from 15,061 blocks to 50,417, and RZ3 will increase from 8,169 blocks to 14,744. RZ1 will reduce from 99,894 to 34,733," the report completed by Purdon said.
