For over 20 years CHC has assisted tenant families progress from renting our homes to home ownership.
One scheme that CHC has leveraged to enable home ownership sooner is the ACT Government’s Land Rent Scheme.
The Land Rent Scheme allows eligible Canberrans to buy a newly built home, whilst renting the land. This dramatically reduces the upfront costs because you only need a loan for the value of the house. Land Rent is calculated at 2% of the “unimproved” value of your land (the value of the land before construction). The benefit of Land Rent is that you can start renting your land under the Land Rent Scheme, and obtain a mortgage to purchase the land component at any stage.