The government has stared down the Greens over its Help to Buy and Build to Rent housing legislation, with the minor party announcing late Monday it will “wave through” the legislation in the Senate this week.
The Help to Buy legislation establishes a shared equity program to assist low to middle income earners to purchase new or existing homes. Some 10,000 homes annually, in each of four years, are envisaged. The government would take up to 40% equity.
The Build to Rent bill provides for tax concessions to encourage the construction of properties for rent.
