00:01In the middle of the last century, researchers were using the Ginandera Experiment Station
00:06to trial techniques for increasing agricultural output.
00:10It's been found that by using these techniques with variations according to soil type,
00:15successful weed-free pasture can be established over a wide range of fertility levels.
00:20Since surrounded by Canberra's urban sprawl, in 2015 the CSIRO planted the idea of using
00:27the underutilised land for housing, and for some, the creeping pace of progress on a sale was frustrating.
00:34If you have a willing seller, a willing buyer, get on with it. Sort out those details.
00:41Now, years of negotiations have finally borne fruit, with 243 hectares of the land between
00:47Belconnen and the Barton Highway sold to the ACT Government for more than 3,000 homes,
00:53and with a target of enabling 30,000 new homes by 2030, industry groups say it couldn't have come soon
01:01enough.
01:01The land packages and the development of the land will need to occur swiftly,
01:06and those land packages will have to go out to market, so residential builders can actually start building the houses.
01:13The ACT Government says development here likely won't begin until October of 2029,
01:18but with concerns about the possible contamination of the land adding to the complexity of the discussions,
01:23the Housing Minister argues they've moved as quickly as possible to finalise the deal with the National Science Agency.
01:30Both, I guess, we'll both take joint responsibility for managing any outstanding contamination issues,
01:36but as I said, at this stage there aren't any contamination issues.
01:41The $385 million price tag will be paid in eight instalments from settlement in January 2027
01:48to ease pressure on the Territory's tenuous finances.
01:52The Creepers of the U.S. Banking Act
01:52One has been in an in-life years.
01:52The H.O.P. Banking Act
01:57The amount of work is that D.C.
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