A new land use and housing typology known as build-to-rent (BTR) has been introduced into the planning system to maximise benefits from recently legislated 50% land tax concessions. These provisions came into effect on 12 February 2021 via an amendment to the Affordable Rental Housing SEPP.

In addition to being permissible in zones where residential flat buildings are already permissible, BTR will be permissible in some business zones, including the B3 Commercial Core zone. This provides an opportunity for residential accommodation to be provided in zones, which until now, it had been prohibited. It will be interesting to see if the development industry will jump on these new provisions and the associated land tax concessions, or if residential flat buildings will continue to be the residential accommodation of choice.

If you would like to better understand these new provisions and the opportunities they bring, please contact Ashleigh Coombes on 02 8270 3500.