NSW to Cut Land Tax to Boost Build-to-Rent Projects

NSW to Cut Land Tax to Boost Build-to-Rent Projects
Workers at a construction site, Sydney, May 2, 2017. Saeed Khan/AFP via Getty Images
AAP
By AAP
Updated:

The NSW government has halved land tax payments for build-to-rent housing project developers as part of incentives to give tenants greater certainty and boost housing construction amid the COVID-19 pandemic.

The land tax cut legislation, which will last for 20 years, is expected to be introduced into NSW parliament on Wednesday.