How Off the Plan Concessions Are Shaping Canberra’s Property Market

Canberra is becoming one of Australia’s most attractive markets for first home buyers and investors. One major reason is the ACT Government’s targeted support for off the plan property purchases. These concessions are making it easier for buyers to enter the market and are helping to reshape the future of housing in the capital.

Let’s explore how off the plan concessions are changing Canberra’s property market and what this means for new buyers.

What Are Off the Plan Concessions?

Off the plan concessions are government incentives that reduce or remove costs when purchasing property before it's built. In Canberra, eligible buyers can receive significant savings on stamp duty and other fees when buying off the plan.

Key Concessions in the ACT

• Full stamp duty exemption for eligible off the plan buyers
• No income threshold from 2023 for stamp duty exemption
• Concessions apply to new units and townhouses
• Available for both singles and couples buying their first home

These benefits are aimed at encouraging more people to buy new homes, support the construction industry, and ease rental market pressure.

The Markets Residences | Off the plan Canberra | Secure with $10k and $512 x 44 weeks

Why the ACT Government Supports Off the Plan Buyers

Canberra is experiencing population growth, increasing demand for housing, and pressure on rental availability. By encouraging the purchase of off the plan properties, the government supports:

• Faster housing supply through new builds
• Lower demand on existing housing stock
• More first home buyers entering the market
• Job creation in the construction sector

These policy settings are designed to boost long-term affordability and sustainability in Canberra’s urban planning.

What This Means for First Home Buyers

For many first home buyers, saving for a full deposit and covering extra costs like stamp duty can delay their property journey. Off the plan concessions help reduce that barrier, especially in high-demand suburbs like Belconnen, Gungahlin, and Woden.

Buyer Benefits

• Lower upfront costs
• Time to save during construction
• Access to brand-new homes with modern inclusions
• Better cash flow management
• Entry into areas close to jobs, education, and transport

Many of Canberra’s new developments are strategically located and planned with liveability and infrastructure in mind.

De Burgh | Off the plan Canberra | Secure with $10k and $1,722 x 9 weeks

How Investors Are Responding

While the concessions are targeted at owner-occupiers, the ripple effect also benefits investors. Increased first home buyer activity means more demand for off the plan stock, helping to reduce supply in the long term and potentially driving price growth.

Investors are also eyeing future value in suburbs supported by new builds, public transport projects, and urban renewal.

Suburbs to Watch in Canberra

Off the plan opportunities are available across Canberra, especially in emerging and revitalised areas.

Hot Spots for Off the Plan Property

• Belconnen – Near the University of Canberra and Lake Ginninderra
• Woden Valley – Major redevelopment and transport upgrades underway
• Gungahlin – Strong population growth and new infrastructure
• City Centre – Urban living close to ANU and government precincts

These suburbs offer strong potential for capital growth and quality of life.

How Coposit Helps Buyers in Canberra

Coposit gives you a smarter way to buy off the plan property in Canberra. You can secure a new home with just $10,000 upfront and pay the rest in weekly instalments until settlement. There’s no interest, no loan, and no hidden costs.

With Coposit, you can take full advantage of ACT Government concessions while reducing the pressure of saving a large deposit. It’s a game changer for first home buyers who want to get into the market sooner without stretching their budget.

The Grande on London | Off the plan Canberra | Secure with $10k and $2,875 x 6 weeks

Off the Plan Concessions Are Driving Change in Canberra

The combination of government support, quality new developments, and alternative buying models like Coposit is reshaping Canberra’s property market. For buyers looking to own a home in a growing, well-planned city, now is the time to explore off the plan opportunities in the ACT.