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NSW Budget Extends Build-to-Rent Tax Discount and Opens Door for In-Kind Infrastructure

The policy shift allows private developers to deliver public assets such as roads and parks to unblock stalled housing projects

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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.