Tough market conditions hit expected income from government land sales

Key points

• The Suburban Land Agency released more land than planned in 2025-26, but its income was $22.9 million below budget. Income reached $406.4 million, up from $237.3 million the previous year.
• Some mixed-use sites, including blocks in Molonglo, have struggled to sell. The agency blamed softer market conditions, higher interest rates and deferred settlements.
• It has budgeted for income of $434.3 million in 2026-27, with land releases expected to increase in coming years.