Tax deal for NSW build-to-rent developers

Government News – 

The NSW Government has announced it will cut land tax for build-to-rent housing projects by 50 per cent for the next twenty years, but some housing experts are asking who will really benefit.

The government says the measure will diversify housing options and boost jobs during COVID recovery, and developers have welcomed the incentive package they’ve been lobbying for. But there are also concerns the ultimate beneficiaries will be big developers and foreign investors.

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