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Labour Proposes Land Price Cap

The Labour Party's proposing the price of land be capped to make housing more affordable.

Its new Land Bill, which is being publishing today, is based on a recommendation from the 1973 Kenny report.
It recommended local authorities be able to compulsory purchase land at agricultural values, plus 25 percent.
Labour Party housing spokesperson, Senator Rebecca Moynihan, says it would help tackle the housing crisis:

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