The off-the-plan homes for sale in the ACT that qualify for stamp duty exemption

Home-buying hopefuls may now be able to avoid paying stamp duty after the ACT government announced a new initiative for owner-occupiers purchasing off-the-plan properties, injecting some much-needed confidence back into the market amid Canberra’s property boom.

The territory government announced in June that any owner-occupier buying an off-the-plan unit or townhouse for under $500,000 would not need to pay stamp duty, as part of a plan to phase out the property tax completely.

Stamp duty will also be reduced by $1040 for any owner-occupier property purchase between $200,000 and $1.455 million in 2021-22.

The property tax has already been abolished for first-home buyers on any residential property as long as their annual household income is less than $160,000.

If you’re hoping to get your foot in the property door or if you’re looking to upsize or even downsize, we’ve gathered our top seven new developments that offer off-the-plan townhouse or units under the $500,000 threshold.

Coombs

Molonglo Falls

Price range: From $349,000

Completion date: Mid-2022

Agent: Blackshaw Projects, Sam Dodimead 0406 226 428

Taylor

Northedge Villas

Price range: From $349,900

Completion date: September 2022

Agent: Bronte Group, Nathan Page 0499 054 888

Casey

Kingsland

Price range: $380,000-$699,900

Completion date: Second half of 2021

Agent: LJ Hooker Project Marketing, Keenan Veraar 0402 914 037

Phillip

W2

Price range: Starting from $319,500

Completion date: Mid-2023

Agent: Independent Project Marketing, Gary Woo 0433 209 800

Braddon

Founders Lane – Sol

Price range: $418,000-$902,400

Completion date: First quarter of 2022

Agent: JWLand Development

Wright

Debut

Price range: $299,900-$809,900

Completion date: Construction commencing in 2021, estimated build time of 18 months

Agent: 3 Property Group, Paul Hamilton 0400 550 805

Bruce

The Brooke

Price range: $329,900-$500,000

Completion date: September 2022

Agent: AVANTUS, Nick Huang 0404 043 721