Fast-track opportunity brings ownership closer

Land rent could help you achieve home ownership sooner than you thought.

What is the land Rent scheme?

Developed by the ACT government and available to purchase through CHC, the Land Rent Scheme allows you to buy a new home, while renting the land. This dramatically reduces your upfront costs because you only need a loan for the value of your house.

The flexibility of the scheme means you can obtain a mortgage to purchase the land component of your property at any time that suits you and your budget.

Do you own the rights to the land?

Yes! When you purchase a land rent property, you own the rights to the land and property so you have the same rights as you would under the traditional house and land purchasing arrangement.

How much are land rent payments?

Land rent payments are calculated at 2 per cent of the unimproved value of your land (the land’s value before construction of your home). For example, if the unimproved value of the land is $200,000, your land rent would be $4000 per year. Land rent is charged quarterly; in this case, it would be $1000 every three months.

Who is eligible?

CHC’s land rent properties require proof of eligibility. To proceed with a purchase you must meet each of the criteria below.

Your annual gross household income cannot exceed the income threshold of $160,000 (this may increase to reflect the number of dependent children you have). You do not currently own a property. At least one purchaser of the property will reside in the property when completed. In addition to the above criteria, you will also need to complete the ACT government’s CIT Land Rent Course, which CHC can assist you with arranging to complete.

Does the First Home Owners Grant (FHOG) apply for land rent purchases?

If you are a first-home buyer, it is more than likely that you will also be eligible to obtain the First Home Owners Grant (FHOG) to assist in purchasing your land rent property. While you will need to check on your individual eligibility to apply for the grant, there are properties available for purchase from CHC, which sit below the specified threshold of $750,000.

There are also properties available which are priced at or below the ACT government’s Home Buyer Concession Scheme threshold of $470,000, which means you may also be eligible for a stamp duty concession.

Why purchase from CHC?

CHC is an official provider of the Land Rent Scheme.

The benefit of purchasing a property from CHC is that land rent is only payable after settlement. This means there will be no land rent costs during the construction phase so you will not need to worry about balancing your current housing costs with land rent payments.

CHC are the land rent experts and can offer support and guidance and answer any questions you have to assist in understanding your first home purchase.

Where are land rent properties located?

CHC has upcoming land rent properties available in Moncrieff, which will be followed by a future release in Throsby – register now.

For further information, click here or phone 1300 208 888.

**This story was published in allhomes on Saturday 24 June 2017. See the story here.


Tenant Forum

Tenant Forum

CHC held this year’s first Tenant Forum on Saturday 4 March. The event provided the opportunity to say hello to your tenancy manager, share a BBQ lunch and meet with a range of different lenders to discuss general finance and how to prepare for purchasing a home.

ABC News joined us to find out more about how CHC is assisting our tenants in working towards home ownership and generally removing some of the hurdles that can make affording a first home unachievable.

Representatives from Beyond Bank, Bank Australia, Police Bank and Care Financial were also present and made themselves available to answer a range of banking and financing questions. If you require any further information on the update below, please don’t hesitate to contact CHC on or on 02 6248 7716.

Tenancy update

If you missed the Tenant Forum, CHC provided the following tenancy update:

  • New Income Review document – for income-based tenants, CHC has created a new Income Review Guidelines document to make understanding your tenancy and your responsibility to provide proof of income easier. The new guidelines are available to download at You can also contact CHC for a hard copy of this document and will receive a copy with your income review letter.
  • Changes to CHC’s income-based policy – CHC has changed the way we calculate income-based rent. You can review our new calculation guidelines in the Income Review Guidelines.
  • Dedicated Income Review Officer – CHC now has a dedicated Income Review Officer so you have one point of contact when completing your Income Review, the details are or on 02 6248 7716.
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