Build-to-rent won’t fix “affordable housing once and for all”

Thursday 9 May 2019

The AFR interviewed the chief executive of Frasers Property Australia, Rod Fehring, seeking his solution to “tackle affordable housing once and for all”. Here’s what Fehring came up with:

[I would] introduce a policy aimed at delivering affordable housing for all through a set of tax reforms (including GST) to give institutional investors of rental housing the same benefits of ownership as any other investment grade asset. [The withholding tax rate for foreign institutional investors in residential housing is double the rate of investment in other real estate. Land tax and GST are also barriers.]

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.