Up to 3 year land tax holiday to encourage new-build rental housing on longer leases – minimum lease term of 12 months, estimated to incentivise up to 2000 new dwellings.
Evidence base – hard to assess likely impact; three years is not a long term solution for rental squeeze.
Equity – mixed, does not specify rents in new builds are to be affordable. Could incentivise eg. expensive apartments.
Future focus–while the policy is future-focussed, a long term lease should be more than 12 months – eg. 5 years, and the incentive lasts for 3 years only.
Read the full policy