Territory Stories

Delivering quality, affordable housing for all Territorians

Details:

Title

Delivering quality, affordable housing for all Territorians

Member

Lawrie, Delia; Burns, C. B. (Christopher Bruce)

Political affiliation

Australian Labor Party

Collection

Media Releases for 11th Assembly 2008 - 2012; Media Releases; ParliamentNT

Date

2012-05-01

Language

English

Subject

Housing; Public finance

Publisher name

Northern Territory Government

File type

application/pdf

Use

Issued as a Media Release

Copyright owner

Northern Territory Government

Parent handle

https://hdl.handle.net/10070/240538

Citation address

https://hdl.handle.net/10070/622555

Related items

https://hdl.handle.net/10070/622556

Page content

BuildBonus Budget 2012 extends the BuildBonus scheme providing a $10 000 grant to all homebuyers purchasing or building a new home up to the value of $600 000. The scheme is available for dwellings where contracts are signed between 3 May 2011 and 30 June 2012 and construction commences after 3 May 2011. Stamp Duty Concessions Budget 2012 continues generous stamp duty concessions provided to all Territory homebuyers, including: a stamp duty exemption for first homebuyers on the first $540 000 of the value of their home a saving of up to $26 730; a $3500 principal place of residence rebate for non-first homebuyers; a concession of $8500 to assist senior Territorians and Pensioner and Carer Concession Card holders to downsize or buy a home; and A $7000 grant is also provided to first homebuyers purchasing or building a home up to a value of $750 000. This is expected to provide $7.5 million in assistance to first homebuyers in 2012-13. There is no land tax in the Territory, resulting in the lowest taxes in the nation for homebuyers. Fast-Tracking Land Release Budget 2012 continues land release with $15.9 million to continue headworks for the new Palmerston suburbs of Johnston and Zuccoli and; and $3.5 million to continue the $13.5 million development of the new Alice Springs suburb of Kilgariff. Homebuyer Assistance HOMESTART NT


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