Land for more than 25,000 new homes will be released over the next five years, with 15 per cent earmarked for public, community and affordable housing in the first year.
The latest Housing Supply and Land Release Program, which was released ahead of this week's budget, sets out the government's plan to release land for residential, commercial and community uses over the next five years.
Of the 25,794 new homes, 4293 are planned to be built in the first year, mostly at the Acton Waterfront.
However, the Molonglo Valley will receive the lion's share of residential land over the five-year program, with land for 7043 dwellings planned for release at the Molonglo Town Centre, Whitlam and Coombs.
According to the program, the territory is expected to be home to 700,000 people by 2050.
Private sector developments remain "critical" to ensuring housing supply in the ACT as undeveloped, government-owned land becomes rare, according to the program.
"Over time, the amount of government land that can be released is going to become more scarce, and so that's why the government's taking the steps that we are around planning reform to enable more homes to be built on leased land," Minister for Planning and Sustainable Development Chris Steel said.
"We're going to see less land in the coming decades released through the land lease program, more homes being built on leased land through zoning reform."
According to the program, around 9700 new homes will be released through the private sector over the next five years.
The government will continue to encourage clubs to diversify away from poker machine revenue, with possible changes to the Territory Plan to support residential development at sites currently zoned for leisure and accommodation.
"Shop-top" and "shop-adjacent" housing will also be a focus in an effort to revitalise commercial centres, efficiently use land and reduce reliance on cars.
Here are the key blocks of land set out in the five-year program.
A total of 3308 new homes are planned for Belconnen over the next five years, with an additional 46,089 square metres of land earmarked for commercial development and 59,050 square metres for community and non-urban development.
The final parcel of the Lathlain Street Precinct, a 5465 square metre block, will be released for commercial development.
Community land will be released in Flynn and Melba, as well as commercial land in Strathnairn which is intended to service the Ginninderry development.
Nearly 4000 new homes have been planned for Gungahlin, including in Kenny, its final suburb.
Two sites at the future Gungahlin Town Centre East precinct will be released in the 2026-27 financial year for residential, commercial and community uses.
Land in Jacka has been earmarked for residences built as part of the Small Footprint Housing project, while a site in Nicholls will be used for a community development.
2282 new homes are planned for the inner north and Civic, including at the site of the surface car park on City Hill, which was released in April.
Two further sites in Watson are planned for residential development, and proposed amendments for blocks parallel to Northbourne Avenue and the Federal Highway could see changes to height restrictions.
No commercial land is planned for release in the Inner South. However, land for 2400 new homes is planned for release.
The Hume Circle, which is managed by the National Capital Authority was noted as a potential opportunity for development in the program.
In addition to the 7043 homes planned for the Molonglo Valley, 88,000 square metres of land will be released for commercial use, and 138,745 square metres for community use.
A community and recreation facilities needs assessment has recently been completed, and will be taken into consideration for future land releases, the program said.
The suburb of Molonglo, which includes the future town centre, will see the largest amount of residential land released in the district, with commercial and mixed-use sites planned for release in the coming years.
The government is "identifying opportunities for growth and renewal" in Tuggeranong's local and group centres, including through mixed-use developments and shop-top and shop-adjacent housing.
993 houses are planned for Tuggeranong, while a site in Kambah will be released for community use.
The final residential release in Weston Creek is planned for later in the program, with 850 houses planned.
No commercial or community land has been planned for release in the next five years, and the area is expected to "maintain its largely suburban character" unless home owners take up the opportunity presented by the proposed 'missing middle' reforms.
The extension of the light rail to Woden is expected to unlock opportunities for housing, with 4200 new houses planned over the next five years.
East Canberra was identified in the program as a primarily employment area, and only 15 homes have been planned for the area.
The small number of sites will be released in the Oaks Estate, and will be for mixed-use and residential use.
