In partnership with the ACT Government, we developed and implemented the Australian Capital Territory’s Land Rent Scheme two years ago now. The aim of the scheme is to offer the local community home loans for houses built on land rented from the ACT Government.
The Scheme is becoming increasingly popular, particularly with first homebuyers and young families. Because buyers only need to borrow the money for the house and not the land, it reduces the deposit required substantially. Without the Scheme the dream of owning a home would remain elusive for many.
As a mutually owned organisation housing affordability is an issue very close to our hearts, and we are pleased that, together with the ACT Government, we can help more people to break out of the rent-cycle and get into their own home sooner.
So far we have approved land rent loans to the value of $40 million, with loans advanced approaching $10million.
Wayne – Chief Financial Officer
Hi there
just wondering if u could give me information regarding home loan with the land rent scheme.
Kind Regards
S Matene
Comment by sherry lee — February 4, 2012 @ 10:39 am
Hi,
If you would like to email us your phone number we can get one of our experts to call you? Otherwise you can also check out more information on our website
>CS
Comment by We Are Listening — February 6, 2012 @ 7:55 am