Dangerous territory this week.
The final version of the federal government’s build-to-rent (BTR) housing legislation has mutated in the Treasury/ATO laboratory and escaped into Senate waters.
I won’t trouble you with the details, but suffice it to say we have a job ahead of us to maintain the attractiveness of investment in this highly beneficial product that should provide 150,000 new homes for Australians over the next decade. Or 160,000 new homes if the federal government had paid attention to the EY modelling we commissioned.
While the main game nationally must always be better planning of, and better planning systems for, the delivery every kind of property that powers our cities, we will continue to pursue the right outcome here for a class of housing that can really make a material difference to housing supply.
Senate submissions are due at the end of the month.
We will appear before the Committee in early July to champion our cause – more investment in building the homes this country so desperately needs.
Until then, be careful in those cool Canberra waters…