Supporting More Homes and Better Infrastructure | Australian Markets

The Minns Labor Government is taking additional steps to help deal with the state’s housing disaster and construct a higher NSW, with new Budget measures that make it simpler to ship more properties—alongside the infrastructure and providers communities need.

As half of the 2025-26 Budget, the Government will:

•Extend tax concessions for build-to-rent (BTR) housing developments; and
•Release draft pointers to hurry up the supply of properties and infrastructure by means of works-in-kind agreements with builders.

These reforms are about guaranteeing we’re building the properties NSW wants—whereas persevering with to ship higher important providers for communities throughout the state.

Extending tax concessions for build-to-rent developments

To give buyers long-term certainty and encourage more rental housing provide, the 2025-26 Budget will prolong key tax concessions for build-to-rent developments.

Under this change house owners of eligible new build-to-rent developments will now be capable to entry a land tax concession of a 50 per cent discount in assessed land worth indefinitely—moderately than the earlier 2039 finish date set by the previous authorities.

Build-to-rent developments usually make their returns to buyers by means of offering long-term and steady rental income.

This signifies that build-to-rent housing could offer longer-term lease choices, higher security for tenants, and more housing alternative for people at completely different life levels.

It additionally signifies that the expiry of the tax concession in 2039 is a key issue impacting investment choices at present.

This measure will improve the feasibility of build-to-rent developments, serving to to unlock a regular pipeline of secure, high-quality rental properties throughout NSW.

It’s half of a broader strategy to ship housing that meets the wants of at present’s renters—households, key employees, and younger people alike.

Ensuring new housing comes with the infrastructure people need

The Minns Labor Government is making it simpler for builders to construct the housing we need, together with the infrastructure we need to go along with it, with the release of proposed pointers for works-in-kind.

A works-in-kind settlement permits a developer to dedicate land for public functions or ship an infrastructure project, as a substitute of paying a Housing and Productivity Contribution.

For instance, moderately than paying the state authorities a financial contribution for the Government to construct a state street or faculty, the developer can as a substitute present the land for the varsity or construct the street themselves and then hand the infrastructure over to the public authority.

This will help velocity up the supply of properties, particularly in circumstances the place important infrastructure is required to unlock more housing, offering works-in-kind means a project can get underway quicker.

The draft guideline outlines how works-in-kind proposals are evaluated, prioritised, and managed beneath the Housing and Productivity Contribution scheme.

The Government is inviting suggestions from industry earlier than finalising the rules to make sure they obtain their intent of delivering more housing and infrastructure, more rapidly.

The Housing and Productivity Contribution was launched in October 2023 as a substitute to the previous Government’s advert hoc State Infrastructure Contributions.

It helps fund the supply of state infrastructure in high-growth areas of NSW like Greater Sydney, Central Coast, Illawarra-Shoalhaven, and the Lower Hunter.

The NSW Government can also be making ready Infrastructure Opportunities Plans to establish and sequence the infrastructure required to assist housing and industrial land targets.

The draft Works-in-kind Guideline is on exhibition for public suggestions till 17 July 2025 at:

https://www.planningportal.nsw.gov.au/housing-and-productivity-contribution-scheme

Building more properties for NSW

The Minns Labor Government is pulling each lever out there to deal with the housing disaster.

This is all half of the Minns Government’s plan to construct a higher NSW with more properties and providers, so younger people, households, and key employees throughout the state have a place to call home, within the communities they select.

We know there’s a lot more to do, however we’re getting on with the job of building the properties NSW wants by:

•Undertaking probably the most intensive rezoning within the State’s historical past, by means of the Transport Oriented Development and Low and Mid Rise insurance policies.
•Rebalancing housing to areas higher serviced by current infrastructure, by means of the 5-year housing targets.
•Establishing the Housing Delivery Authority, which offers a quicker and more sure approvals pathway for main housing developments, with over 53,000 properties already declared State Significant.
•Delivering 30,000 new properties on surplus authorities land, together with 8,400 new social housing items within the largest housing investment within the State’s historical past.

The draft Works-in-kind Guideline is on exhibition for public suggestions till 17 July 2025 at:

https://www.planningportal.nsw.gov.au/housing-and-productivity-contribution-scheme

Premier of NSW Chris Minns mentioned:

“You can’t construct new properties with out roads, parks, and faculties to match, and the neighborhood shouldn’t have to attend for them.

“Whether it’s new tax incentives, planning reforms or fast-tracking infrastructure, we’re focused on making it faster and easier to build the homes and communities NSW needs.”

Treasurer of NSW Daniel Mookhey mentioned:

“These measures will give industry the understanding they need to construct more properties, quicker.

“We are making sure we construct the properties we need, together with the important infrastructure we need to go along with them.

“Extending the tax incentives for build-to-rent will make it easier for developers to build, and give renters more choice.”

Minister for Planning and Public Spaces Paul Scully mentioned:

“Local infrastructure was an afterthought with the previous Liberal-National Government. We’re doing issues in another way, making sure properties are delivered alongside parks, roads and faculties.

“The Minns Government is delivering more properties and higher selections for home patrons and renters throughout the state.

“Works-in-kind is an important part of the mix in our provision of infrastructure. The Works-in-kind Guideline provides a clear, consistent approach to when and how it can be used.”

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