6.9: Affordable Housing
Improve housing affordability in the Territory. Other Information:
The ACT Government has identified improving housing affordability in the Territory as one of its highest priorities. The Affordable
Housing Action Plan, released in April 2007, includes a range of actions to increase the supply of affordable housing in the
ACT. The strategies target land release, home ownership, private rental accommodation, community and not-for-profit housing,
public housing, supported and aged accommodation. Initiatives include facilitating home ownership through accelerated land
supply and providing land rent, shared equity and financial concessions to ease the up-front costs of home ownership. In addition,
to increase the supply and range of private rental properties, institutional investors are being encouraged to undertake developments
incorporating 200 to 400 dwellings. The role of community housing providers in both home ownership and rental accommodation
has been expanded, and the provision of public housing has been strengthened and targeted. More supported and aged accommodation
is being built. Since the release of the plan, the ACT Government has lifted the income threshold for the Homebuyer Concession
Scheme from $100,000 to $120,000 and granted a one-off stamp duty exemption to pensioners who wish to downsize and move to
accommodation better suited to their needs.
Indicator(s):
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