Labor’s build-to-rent support is good news

PROPERTY OBSERVER

The announcement by the Federal Labor Party of their support for a build-to-rent model through tax relief is good news.

There is a big swing to rental accommodation in Australian cities, but tenants are unable to have long term security of tenure.

In America and Britain long term rental is available through build-to-rent models, but this approach has not worked in Australia due to excessive taxes. The announcement by the Federal Labor Party that they will cut the managed investment trust withholding rate in half would make build-to-rent economically viable.

 

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