The Canberra market is in a phase of measured recovery following stabilization in 2024 and 2025.
: There is no duty on off-the-plan owner-occupier purchases (like new apartments or townhouses) valued at $1,020,000 or less until June 30, 2026. buying property in canberra
: If the property is not your primary residence, you will face higher annual land costs and fees than in many other states, which can significantly impact investment yields. 4. The Buying Process Step-by-Step The Canberra market is in a phase of
: Typically occurs 30 to 90 days after exchange. Title is officially transferred, and keys are handed over. A Guide to Buying Real Estate in the ACT A Guide to Buying Real Estate in the
The legal process in the ACT has specific requirements for sellers and buyers:
In Canberra, you do not buy land "freehold" (forever) as you might in other states. Instead, all land is held under a from the Commonwealth. While this rarely affects day-to-day ownership, buyers must understand that they are essentially purchasing the right to use the land for the duration of that lease. 3. Financial Costs and Government Incentives
