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Property News

ACT childcare services receive boost

June 29, 2012

Families looking at capitalising on the Australian Capital Territory's new stamp duty reforms may be interested in a boost to childcare services in the Canberra region.

Proximity to education services is an important consideration when buying a house and with the construction of a new childcare centre in Gungahlin, home buyers may be attracted to the area.

With reduced stamp duty rates on houses valued at under $1.2 million, property investment across the territory is becoming more affordable.

The ACT government announced yesterday the sale of a land block to develop a new childcare centre in the suburb of Gungahlin.

Minister for community services Joy Burch said: "Targeted land release for new childcare centres is part of the ACT government's significant investment in childcare to support the sector to grow and to provide more childcare places for Canberra families."

Since 2001, the government's childcare initiative has resulted in services increasing by 94 per cent, catering for more than 8,000 children in Canberra. 

"This will ensure Canberra families continue to have more choice in their children's education and care, in areas most in demand." Ms Burch commented.

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