the current 50% land tax concession for new build-to-rent (BTR) developments, which was set to expire in 2039, will be made permanent, applying indefinitely from the 2026 land tax year onward. This ensures long-term certainty for developers.

Eligibility criteria for the concession will be relaxed: developers will no longer need to meet the previous requirement for a specified proportion of skilled or disadvantaged workers

BTR developers will also be able to apply for exemptions—or refunds— from the foreign purchaser duty and land tax surcharges, giving them additional financial flexibility.