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Tax incentive for landlords
24-July-08
Written by Edited announcement
The state government has welcomed a $623 million federal government initiative to boost the number of affordable rental properties.
The National Rental Affordability Scheme will aim to create 50,000 new affordable rental properties for low and medium income earners across Australia over four years and up to 100,000 over the next 10 years.
The scheme, targeted at institutional investors such as banks and superannuation funds, offers incentives to developers at a cost of $623 million over four years.
Article continues...
24-July-08
Written by Edited announcement
The state government has welcomed a $623 million federal government initiative to boost the number of affordable rental properties.
The National Rental Affordability Scheme will aim to create 50,000 new affordable rental properties for low and medium income earners across Australia over four years and up to 100,000 over the next 10 years.
The scheme, targeted at institutional investors such as banks and superannuation funds, offers incentives to developers at a cost of $623 million over four years.
Article continues...
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Harry Kleyn - Publisher
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