Overview
- Treasurer Daniel Mookhey confirmed the 50% land tax concession for build-to-rent projects will remain in place indefinitely instead of expiring in 2039.
- Under new works-in-kind guidelines, developers can provide roads, parks or school sites in lieu of paying a Housing and Productivity Contribution to accelerate project delivery.
- The June 24 state budget allocates $30.4 million to crisis and homelessness accommodation and commits $9 billion over four years to school infrastructure.
- The NSW Housing Delivery Authority has declared 53,000 proposed homes as state-significant developments since December to fast-track planning approvals.
- With 15,089 build-to-rent units completed or underway, NSW remains behind pace to meet its 377,000-home target by mid-2029.