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The Australian Capital Territory is a unique market - entirely urban, with Canberra as the sole city. The ACT median house price is approximately $870,000, making it one of Australia's most expensive markets. However, high average incomes (boosted by the public service) and a str
The ACT replaced its FHOG with the Home Buyer Concession Scheme (HBCS), which provides stamp duty relief instead of a cash grant. The government considered this more efficient as it directly reduces the transaction cost rather than potentially inflating prices. The HBCS is also income-tested, targeting assistance to those who need it most.
If you earn over $170,000 (individual) or $227,800 (couple), you don't qualify for the HBCS and will pay full stamp duty. There's no partial income-based concession - you either qualify or you don't. You can still access federal schemes like the FHG and FHSSS.
Yes, gradually. The ACT has been phasing out stamp duty since 2012, replacing it with higher annual land tax (rates) over a 20-year transition. This means duty rates have been falling while rates increase. New homeowners may benefit from lower upfront costs but higher ongoing charges.
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