Federal Government Budget 2025-2026:
The Federal Budget has confirmed several items dealing with housing at a micro level.
We have previously reviewed Help to Buy Scheme.
Another key housing policy is support for the development of: Build to Rent
Build-to-Rent: A Key Housing Strategy
Important in-action changes to note are BTR concessions recently commenced with the following objectives:
- Rent Housing Supply: Encourage an increase in rental housing supply, including the supply of affordable housing to support the construction of an estimated 80,000 new rental homes over the next decade , including 8000 affordable housing.
- Renters: Provide supply of rental housing with longer term leases and stability for renters, including 5-year tenancies.
- State Initiatives: Coordinate and complement work with State BTR initiatives.
New BTR Tax Concessions: Objectives and Benefits
Details of concessions are:
- Accelerated deduction increase from 2.5% to 4% for capital works relating to BTR developments.
- Concessional final withholding tax rate decreases from 30% to 15% for eligible funds payments (amounts referable to rental income and capital gains from BTR developments> from MITs attributable to residential build-to-rent projects).
Subject to:
- Eligibility conditions & rules to be announced.
- A fifteen (15) year project life compliance period.
Foreign buyers of established homes under the microscope in the next instalment of our Budget Property Review Series.
How can Madison Marcus help you?
The Real Estate & Development division at Madison Marcus offers comprehensive legal services tailored to navigate the complexities of property transactions and developments. With a team led by seasoned professionals boasting over 80 years of combined experience in property and commercial law, we provide strategic guidance from project inception to completion.
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