09 September 2025, 11:01 PM
The NSW Government introduced a bill to Parliament extending tax cuts to boost new build-to-rent homes yesterday.
The legislation means that owners of an eligible new build-to-rent development will be able to access a land tax concession indefinitely, rather than the previous end date of 2039, which was set by the former government.
This ongoing program provides:
Removing the program’s end date gives confidence to developers who are making long-term investment decisions now. The changes mean developers can offer longer-term lease options, better security for tenants and more housing choices for people at different life stages.
The NSW Government is working to build more homes for more people across NSW, and that includes build-to-rent options approved or underway, including:
This bill also provides for exemptions or refunds for rates of stamp duty and land tax applied to foreign developers who qualify for the program.
Treasurer Daniel Mookhey said, “Extending the tax cuts for build-to-rent developers gives industry the certainty to invest now.
“That confidence means we can unlock a steady pipeline of build-to-rent developments to build high-quality rental homes across NSW.”
Minister for Planning and Public Spaces Paul Scully said, “In addition to the nine build-to-rent projects in the planning system, Landcom is undertaking build-to-rent projects in Bombaderry, Lismore and Annandale – and this legislation will help unlock many more across the state.
“This change removes unnecessary red tape and gives developers the confidence to commit to projects that will deliver homes for decades to come.”