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Thursday, 9 December 1971
Page: 4559

Mr Enderby asked the Minister for the Interior, upon notice:

(1)   When was a crown lease for Block, 41, Section 4, Braddon, Australian Capital Territory, first issued?

(2)   What was the unimproved value of the block at the time of issue?

(3)   On what dates since has the block been revalued, and what has been the unimproved value on each occasion?

(4)   Can he say whether the residential land in the neighbourhood has become less attractive and less valuable for residential purposes since the construction of shops in Lowanna Street and Northbourne Avenue?;

(5)   Since the first valuation, has the value of the block increased by approximately 465 per cent?

(6)   If so, what caused this increase in value?

Mr Hunt - The answer to the honourable member's question is as follows:

(1)   nth July 1962.

(2)   $860. '

(3)   Revaluations were made pursuant to the provisions of the Rates Ordinance in 1967 and 1971. The unimproved value placed on the land was $1,370 and $4,000 respectively. The lessee has lodged an appeal against the valuation of $4,000. This appeal will be heard by the Valuation Review Board set up under the Rates Ordinance.

(4)   and (5) See answer to (2) and (3) above. (6) The effluxion of time and the growth of Canberra

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