Better support for renters


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Encouraging more build‑to‑rent housing

The Australian Government introduced tax incentives to encourage more investment in new build-to-rent developments to help boost supply in the private rental market by:

  • reducing the withholding tax rate for eligible fund payments from managed investment trusts attributed to newly constructed build-to-rent developments from 30 per cent to 15 per cent and
  • increasing the capital works tax deduction (depreciation) rate from 2.5 to 4 per cent per year, increasing the after tax returns for newly constructed build-to-rent developments.


See Build‑to‑rent tax concessions

The government will also allow foreign investors to purchase established build-to-rent developments and apply lower application fees to these investments.

This builds on the government’s 2023–24 Mid‑Year Economic and Fiscal Outlook (MYEFO) commitment to apply lower fees to foreign investment applications for new build-to-rent developments.

Visit Australian Tax Office's Fees for foreign residential investors

These incentives aim to encourage more institutional investment and construction in the build-to-rent sector, helping expand Australia’s supply of rental housing.

Increasing Commonwealth rent assistance

Rent Assistance is a non-taxable income supplement payable to eligible people who rent in the private rental market or community housing.

Pensioners, allowees and those receiving more than the base rate of Family Tax Benefit Part A may be eligible for Rent Assistance.

Commonwealth Rent Assistance maximum rates increased by 15 per cent cent in September 2023.

Under the 2024-25 Budget, a $1.9 billion investment will increase the maximum rates of Commonwealth Rent Assistance by a further 10 per cent.

Subject to the passage of legislation, the 10 per cent increase will be implemented on 20 September 2024, with regular indexation to occur on top of this on the same day.

Visit Department of Social Services' Commonwealth Rent Assistance

Strengthening renters’ rights

In August 2023, National Cabinet agreed to A Better Deal for Renters to harmonise and strengthen renters’ rights across Australia. This includes:

  • Developing a nationally consistent policy to implement a requirement for genuine reasonable grounds for eviction.
  • Moving towards limiting rent increases to once a year.
  • Phasing in minimum rental standards.

Visit Prime Minister of Australia's Meeting of National Cabinet – A Better Deal for Renters