NSW slashes land tax to spur build to rent

Australian Property Journal – 

THE New South Wales government’s decision to halve land tax for build-to-rent projects has been welcomed by industry bodies, which expect the move to “turbo charge” the housing sector and ease affordability concerns in the state.

Also tabled in Parliament new Housing Diversity SEPP intended to provide more housing options, greater surety for renters, boost construction and support jobs during the COVID-19 recovery.

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