Affordable Home Purchase
To help make sure affordable homes go to the people who need them most, applicants must meet new eligibility criteria and register their interest on the Affordable Home Purchase database.
The 2017-18 affordable home purchase target of 353 dwelling sites has been identified in a mix of units, apartments and townhouses across Wright, Coombs, Greenway, Lawson and Taylor.
Price thresholds apply to affordable homes based on the net living area. The 2017-18 price thresholds for affordable homes are:
|Dwelling size (net living area)||Maximum price|
|Up to 80m2||$323,000|
|Between 81 and 105m2||$374,000|
|Greater than 105m2||$425,000|
To be eligible for Affordable Home Purchase you must:
- be at least 18 years old
- be an Australian resident
- have a total gross income for all applicants (including domestic partners) of less than $100,000, for households of up to 2 children, increasing by $16,000 per child up to a capped maximum of $148,000 for 5 or more children
- not own, or not have owned in the last 2 years, any property (including other homes, land or commercial properties, such as a shop)
- have at least 1 applicant who will live in the home continuously for 12 months
- register on the Affordable Home Purchase database.
Affordable Home Purchase database
The database lists the type and location of affordable homes and you can register your interest against one or more of the available options. Eligible applicants are matched with affordable homes as they become available.
How it works
The ACT Government sets the annual housing targets and sites are identified for development
Annually in June
Development sites are identified on the Affordable Home Purchase database
|Annually from June|
|Development sites are sold to builders/developers by the Suburban Land Agency, with affordable housing targets in sales contracts||Throughout the year|
|Builders/developers submit draft plans of the proposed dwelling type to the ACT Government||Within 3 to 36 months of sale to the builder/developer|
|The ACT Government contacts people who have registered their interest in the type of dwelling identified in the draft plan. They are invited to become an Eligible Applicant.||Within a week of receiving plans from the builder/developer|
|Interested people apply to become an Eligible Applicant*||Within 14 days of being contacted. If further information is required to confirm eligibility, it must be provided within 30 days of request|
|Eligible Applicants receive confirmation of eligibility||Within 1 week of registering and confirming eligibility|
|Builder/developer notifies the Suburban Land Agency when Development Approval is complete||Within 1 week of completing the Development Approval process|
|Eligible Applicants are entered by the Suburban Land Agency into a ballot for the compatible affordable housing product||Within 1 week of finalising the Eligible Applicant list and the granting of Development Approval|
|The Suburban Land Agency runs a ballot for the affordable housing products within the development||Within 1 week of receiving all entries in the ballot|
|The Suburban Land Agency provides the builder/developer with contact details for the successful applicants from the ballot||Three (3) days after the ballot|
|The builder/developer contacts the successful applicant to arrange the exchange of contracts**|
Within 3 weeks
The builder/eeveloper builds the affordable housing product
Approximately 2 years, to a maximum of 4 years
Settlement occurs between the builder/developer and the successful applicant occurs when the development is complete
|On completion of the development|
* Successful applicants are encouraged to seek independent legal and financial advice at this point.
** Successful applicants will need to have arranged finances at this point.