Why De Burgh Is Perfect for First Home Buyers in Canberra

Calling all first home buyers in Canberra – if you’re in search of a brand new off-the-plan apartment at an affordable price point with healthy projected growth in value, this article is for you!

Introducing the De Burgh apartments, the third and final residential release at Northbourne Village located in the vibrant inner north suburb of Lyneham. Developed and built by the award-winning JWLand, this project is nestled in the sought-after suburb of Lyneham. De Burgh offers a range of modern, off-the-plan apartments that combine affordability with prime location – just 3 kilometres from the bustling Canberra CBD.

In this article we’ll explore why this development is an ideal choice for first home buyers, covering everything from affordability, location, projected growth and financial incentives.

An Affordable Option for Canberra First Home Buyers

When it comes to finding affordable apartments for sale in Canberra, De Burgh presents some great options for first home buyers. With a range of 1, 2 and 3 bedroom apartments and studios, there are a variety of price points available to suit a range of budgets.

A majority of the available De Burgh properties are 1 bedroom apartments valued around the $500,000 mark – making it an affordable option for first home buyers looking to enter Canberra’s vibrant property market.

Minimal Up Front Payment

Since the De Burgh apartments are currently under construction and due for completion in the second half of 2025, first home buyers can enjoy the benefits and additional flexibility of purchasing off-the-plan. We’ve covered some of these benefits in this article which explores some of the reasons why off-the-plan properties are a great first step for first home buyers.

One of these benefits starts with a low, fully refundable holding deposit of $1,000. Once paid, solicitors are contacted and contracts are issued, then once the contracts are officially exchanged, a deposit of 5% of the purchase price is required to secure your brand new De Burgh apartment, with the balance then paid upon final settlement.

The 5% deposit is far less than the requirement to secure a house, making it far less of a financial commitment. This is perfectly suited to first home buyers in Canberra as it offers financial freedom and the opportunity to increase savings between the time the deposit is paid and final settlement.

Other Benefits of Buying Off The Plan

Whilst we’ve covered the financial benefits of buying off the plan above, with first home buyers having the luxury of paying less money up front, there are some other advantages to buying off the plan which include:

• Being able to purchase a property at the current market value, giving the property potential to appreciate in value by the time you move in – in other words capital growth.
• Having the ability to select personal preferences like colour schemes and customisation options with finishes and fixtures – making the property more ‘you’.
• Moving into a brand-new apartment as soon as it’s finished, meaning the property is entirely yours without any past residents having set foot in your property.

Stamp Duty Concessions

Canberra first home buyers will be pleased to know that any off the plan properties purchased for less than $1 million are exempt from paying stamp duty in the Australian Capital Territory. More information can be found on this via the ACT Government website, which published this article on stamp duty cuts after the 2024-2025 Budget was released.

Since most of the De Burgh apartments are less than this value, this means stamp duty isn’t payable on most 1 and 2 bedroom apartments – for perspective this means first home buyers can save up to $36,000 in stamp duty!

Other Government Incentives

Aside from using your own finances, there is also Government support available for first home buyers in Canberra. The following two question are commonly asked by first home buyers whilst they are in the research phase of finding their first property – we’ve answered them below should either of these apply to you.

Is there a first home buyers grant in Canberra?

The short answer here is no. As of the first of July 2019 onwards, the First Home Owner Grant (FHOG) is no longer available for Canberra first home buyers.

What government incentives are available to first home buyers in Canberra?

Whilst the above FHOG incentive is no longer available for first home buyers, the ACT Government has replaced this incentive with the Home Buyer Concession Scheme. As opposed to a cash grant, the new government scheme removes/reduces duty payable on purchased properties, helping to improve housing affordability for buyers seeking their perfect first home.

Perfectly Suited to First Home Buyers in Canberra

Aside from the obvious financial benefits, these brand-new apartments at De Burgh offer an ideal first home for Canberra buyers.

Design & Amenity:

• Design is centred around practicality, convenience and style, so you have everything you need at your fingertips whilst living in a modern apartment with a high spec.
• Apartments come with various energy efficiency features helping to minimise utility costs – an essential saving for first homeowners living on a budget.
• Residents can take full advantage of on-site leisure and recreation facilities such as a gym, residents lounge and rooftop garden.
• Elevated apartments will be treated to sunset views of the surrounding area, including Black Mountain Tower and Lyneham Wetlands.

Location:

• The Northbourne Village precinct provides excellent local convenience in a prime location within easy access to the Canberra CBD, just 3km away.
• First home buyers will also appreciate the proximity to public transport, with light rail right outside their doorstep, alongside local shopping and entertainment options.
• Foodies will be spoilt for choice with surrounding cafes, restaurants and eateries all located within short distance away.
• Future residents will be able to enjoy the great outdoors by exploring the many walking and cycling paths around the Lyneham Wetlands.

Investment potential:

• Strong demand in the area positions apartments for future value increases, giving first home buyers the opportunity to build capital growth.
• Should buyers consider leasing the apartment in the future, Lyneham traditionally enjoys healthy rental yields and growth opportunities, as covered in our article Off Plan Property Investment Analysis: 2602 Postcode.

First Home Buyers In Canberra – Register Your Interest Today!

These brand new De Burgh apartments at Northbourne Village offer a golden opportunity for first home buyers taking their first step into property ownership. With Canberra continuing to grow and thrive, your investment in De Burgh is poised for potential capital growth.

Northbourne Village will be welcoming new De Burgh apartment residents in the second half of 2025, so now is a great time to register your interest. If you’re a first home buyer in need of advice, guidance or you’re wanting to book a display suite viewing, we welcome you to contact us today!