First home buyers will no longer pay any stamp duty in the ACT in an Australian-first move the government says is designed to help more people enter the property market.
Anyone buying a new unit-titled home in the ACT for themselves to live in will also no longer pay stamp duty, while the government will temporarily cut lease variation charges in half for "missing middle" developments.
The tax cuts will be included in Wednesday's budget and also include expanded stamp duty exemptions for pensioners, National Disability Insurance Scheme participants and anyone who has not owned property in the past five years.
