NSW adds to specufestor woes

Via Domain:

The Berejiklian government will cut land tax for the next 20 years for new build-to-rent housing projects in an Australian-first designed to give renters longer-term leases.

NSW will give a 50 per cent discount on land tax to developers who invest in build-to-rent schemes, which are designed to provide better quality rental properties and long tenancy agreements.

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