(NSW) Build to rent - Land Tax Relief

Discussion in 'Development' started by Scott No Mates, 29th Jul, 2020.

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  1. Scott No Mates

    Scott No Mates Well-Known Member

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    Scott No Mates, 29th Jul, 2020
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  2. The_Billy

    The_Billy Well-Known Member

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    Hasn't this been the case for like the last 10 years though? I thought these collapsing towers in Sydney were all being built to sell to investors so they can rent them out. How is this scheme going to provide better quality rental properties and long tenancy agreements.
     
    The_Billy, 29th Jul, 2020
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  3. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

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    B2R projects are large scale housing projects. They are out of reach of most and are intended as a long term investment vehicle producing returns for investors who own a interest.

    BMT had a great article when at the last election the ALP introduced the proposal : What is build to rent and how does it work?

    Build to rent refers to a residential development in which all apartments are owned by the developer, often a managed investment trust, and leased out to tenants. This is opposed to the common build-to-sell method, where a developer builds a residential development and sells the apartments to individuals to either live in or rent out as an investment.

    Build to rent is part of a growing institutionalised housing market and is particularly attractive for institutions that want reliable, steady income. UniLodge and First State Super are just two examples of institutions to declare their interest in growing the build to rent market in Australia.     ​
     
    Paul@PAS, 29th Jul, 2020
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