Canberra First Home Buyers. The popular strategy Canberra firsthome buyers are taking on The ACT no longer has a First Home Owners Grant, however, buyers have an alternative option in option the Home Buyer Concession Scheme (HBCS) This year's budget committed $800m to first-home buyers and single parents struggling to get back into the market, as part of the Help to Buy scheme expected to come into action after the federal election.
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The federal government will spend another $800 million to provide first home buyers with the opportunity to own a property with lower deposits and smaller mortgages. The Budget expands the scheme from 1 July 2024 to:
The popular strategy Canberra firsthome buyers are taking on
Buyers are eligible for the full stamp duty concession on the first $1 million of property value This will help 40,000 Australians buy their first home in the next. The means-tested scheme gives home buyers a maximum concession of $34,270 and all properties in the ACT are eligible for the scheme
First home buyer numbers surge in Canberra Andrew Wilson. This year's budget committed $800m to first-home buyers and single parents struggling to get back into the market, as part of the Help to Buy scheme expected to come into action after the federal election. This is part of our efforts to help more Australians buy a place of their own
August cash rate pause offers some relief for Canberra first home buyers The Canberra Times. Canberra will have a single $1m threshold, and the Northern Territory $600,000 Mr Bunday says with Canberra's low unemployment, decent salaries and high rents, many prospective first home buyers see home ownership as "a form of enforced savings"