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How to Buy - Auction Process

Auction Process

Buying Land Made Easy

Any interested parties must register to participate in an ACT Government auction. Details of how to register are available as part of the Sales Documentation for each auction. Once registered, a bidder’s number will be provided which is held up to indicate to the auctioneer that the bidder wishes to place a bid.

The block will be sold to the bidder with the highest bid above the undisclosed reserve price. If the highest bid is below the reserve price, a period of time will be granted for the registrant with the highest bid to exclusively negotiate with the ACT Government.

The successful bidder must sign a contract and pay a 10% deposit immediately.  Contracts will need to be settled by paying the outstanding amount on the sales price on or before the completion date as stated in the contract.

Land Rent is not available on blocks sold at auction. 

For more information

For more information regarding the sales process please contact the Sales Team on 1800 777 952 or suburbanland@act.gov.au

Changes to GST on Land Sales - Fact Sheet

As of 1 July 2018, the Goods and Service Tax (GST) payable on land sales will be collected in a different way. It is important to note that the sale price of the land and amount of GST payable remains exactly the same. The GST component will now be collected separately under the GST Withholding Scheme.

View our GST Fact Sheet (PDF 309KB)

 
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