The Tasmanian Government is providing up to a three-year land tax holiday for all newly built housing made available for long-term rental.
Legislation was introduced in 2018 to fast track zoning changes and the supply of affordable housing.
It’s now easier to build in Tasmania. Reforms in the planning and building area have been made and further reforms are underway. These reforms will provide for faster approvals and more flexible forms of housing, including shop-top development.
This initiative is to encourage residential property owners to make affordable rental homes available for low-income earners. Owners will receive a financial incentive payment and will also be guaranteed that rent is paid for the term of the lease. Lease terms under this program are 2 years. Properties are managed by an experienced property manager.
The Private Rental Incentives Program is funded under Tasmania’s Affordable Housing Action Plan 2019-2023 ( Action Plan 2) and commences on 1 July 2019.
The Government is providing a one-year land tax exemption for short-stay accommodation that is made available for long-term rental. Typically, the properties are listed with commercial, online short-stay accommodation platforms