News location:

Thursday, September 24, 2026 | Digital Edition | Crossword & Sudoku

ACT Budget clears Assembly with stamp duty change

Passed by the Legislative Assembly, the 2026-27 ACT Budget by Andrew Barr’s government abolishes stamp duty for first home buyers. Susie Dodds/AAP PHOTOS

The 2026-27 ACT Budget has passed the Legislative Assembly, with new spending on housing, health and community services alongside cost-of-living measures.

The Budget abolishes stamp duty for all first-home buyers purchasing a home to live in, with the government saying the ACT is the first Australian jurisdiction to introduce such an exemption for all owner-occupier first-home buyers.

Housing measures include $364 million for the new Public Housing Pipeline Program, which is expected to deliver 450 public homes.

A further $183.4 million will go towards repairs and maintenance of existing public housing.

The Budget also provides more than $130 million for the community sector.

Health spending includes $1.34 billion over seven years towards construction of the new Northside Hospital.

The government says the Budget provides targeted support while continuing its fiscal strategy.

ACT Budget: Higher debt, cheaper homes as stamp duty axed

News all day, every day at CityNewsQBN.com.au.

Share this

Leave a Reply

Your email address will not be published. Required fields are marked *

*

*

Related Posts

Politics

Move to strengthen hate crime laws in ACT

The ACT government will introduce legislation to strengthen hate crime and vilification laws, including expanding bans on Nazi symbols and requiring courts to consider hate motivation when sentencing offenders.

Update

ACT moves to strengthen developer licensing

The ACT government has introduced changes to its property developer licensing scheme that would remove individual directors' liability for serious building defects where developers take out compliant Latent Defect Insurance.

Follow us on Instagram @canberracitynews