Part two of the government’s stalled housing legislation finally passed federal parliament on Thursday. The Build to Rent tax reform bill aims to boost investment in apartment blocks designed and constructed for rental occupancy and retained in single ownership.
Other than as purpose-built student accommodation, this form of development remains rare in Australia.
Instead, our private rental market continues to be dominated by small-scale “mum and dad investors”. Only since around 2017 have Build to Rent projects begun to appear in some Australian capital cities.
