Land rent scheme a success: Stanhope
Source: ACT. Chief Minister
"More people are achieving their dreams of home ownership thanks to the success of the ACT Government's Land Rent Scheme, Chief Minister Jon Stanhope said today (19/01/10).
Owners of the first house to be built under the scheme have just moved in some 17 months after the launch of the initiative which was aimed at addressing Canberra's land shortage and affordability. The scheme allows Canberra families to rent a block of land from the ACT Government and then finance the cost of the home only. "