FORECASTS released by Australia’s peak building industry association predict that new residential dwelling starts in the ACT will fall from 5810 in 2022 to 5000 in 2024. CEO of Master Builders ACT Michael Hopkins said the predictions reflect constraints on local construction caused by Canberra’s tight land market, slow land release policies, and bottlenecks in […]
Author Archives: admin
As Canberrans, it’s in our nature to want to live more sustainably.To live where we love and nurture it for generations to come.Embracing diversity, a connection to Country and a sense of belonging.Where we seek to harness the sun’s natural energy and live carbon light– Creating a sustainable future, one step at a time. This […]
Canberra’s first-home buyers and single parents struggling to get access to home ownership will have more options as the Commonwealth lifts price caps on a scheme to get them loans with a smaller deposit. From July 1, the Commonwealth’s home guarantee scheme price caps will increase, the Prime Minister will reveal on Monday. The ACT […]
New home buyers are facing delays and price increases as builders cope with mounting materials and labour shortages in the midst of a housing and infrastructure boom. They are being warned to expect budget blowouts and extended completion dates while builders see their profit margins wiped out by rising costs. Industry sources say it is […]
A stunning property by Manteena, Architects Ring & Associates and The Dept. of Design has taken out the 2021 HIA-CSR ACT and Southern NSW Home of the Year.Friday, 05th November 2021 The awards were announced tonight in a virtual ceremony. “The 2021 Home of the Year highlights the extremely high standards of this year’s entries, […]
Under the FHSS scheme, first-home buyers can use voluntary super contributions of up to $15,000 each financial year to assist with the purchase of their first home. The key advantage is that you can end up paying less tax than you would saving for a deposit in a regular savings account. It’s important to note […]
As you would know, the ACT is in a lockdown that is currently scheduled to end on 2 September 2021. The lifting of the lockdown restrictions will of course depend on how the COVID-19 case numbers are tracking and whether the ACT Health authorities are successful in controlling the spread of the virus in the […]
Australia is in the midst of a critical timber shortage due to a surge in demand during the COVID-19 pandemic on the back of devastating bushfires. The shortage is causing timber prices to skyrocket, prompting calls for the Federal Government to review its Home Builder program. With COVID-19 travel restrictions forcing Aussie families to postpone holiday plans, […]
The Morrison Government is extending the construction commencement requirement for the successful HomeBuilder program from six months to 18 months for all existing applicants, bringing the total level of expected Government support for the construction sector under the program to $2.5 billion. More than 121,000 Australians have applied for the grant which is expected to support around $30 billion […]
On 4 June 2020, the Australian Government announced HomeBuilder to provide eligible owner-occupiers (including first home buyers) with a grant of $25,000 to build a new home, substantially renovate an existing home or buy an off-the-plan home/new home. On 29 November 2020 the Australian Government announced an extension to the scheme. A $15,000 grant is […]
HomeBuilder is a Commonwealth grants program administered by the ACT Revenue Office (ACTRO). HomeBuilder provides eligible owner occupiers with a grant of $25,000 for contracts entered into from 4 June 2020 to 31 December 2020 and $15,000 for contracts entered into from 1 January 2021 to 31 March 2021, to build a new home, substantially renovate […]
In the ACT, applying for the Grant is a two-part application process: Part A: Registration This registration (available here) must be completed and lodged by 14 April 2021 for your application to be considered. Completing the Part A form does not in any way constitute eligibility for the Grant. Part B: Detailed Application A comprehensive application […]
