Australia seeks to calm rental crisis with investor tax breaks

The incentives may go some way to easing the pressure on Australia’s housing crisis. (Image: Depositphotos)

Thu, 11 May 2023

By Chris BourkeAustralia is encouraging investors to build urgently-needed rental properties by slashing levies as part of measures aimed at easing the country’s worsening housing crisis.The government is seeking to boost the nation’s fledgling build-to-rent sector by offering tax breaks to local and overseas investors, according to federal budget proposals. The industry, which builds apartments that must be made available for rent, is booming in the US and UK but yet to make headway in Australia.Tuesday’s budget tweaks w...

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