Developers offered incentives for NSW build-to-rent
New South Wales has continued its efforts to boost the state’s property sector, with the introduction of land tax discounts for build-to-rent developments likely to held continue the substantial momentum building in the sector.
Mirvac's Pavilions project includes a significant build-to-rent component. Image: Mirvac (Image source: Shutterstock.com)
New South Wales has continued its efforts to boost the state’s property sector, with the introduction of land tax discounts for build-to-rent developments likely to held continue the substantial momentum building in the sector.
NSW Treasurer Dominic Perrottet announced a 50 per cent reduction in land tax for build-to-rent projects, calculated by the unimproved land value.
Projects must be at least 50 units in the Sydney metropolitan area to be …
