Social policy and housing advocacy organisations have welcomed the extension of land tax exemptions for landlords who provide cheaper rentals but warn there is more work to do in solving the ACT’s housing crisis.
The ACT Government has indefinitely extended land tax exemptions for landlords who rent their properties at less than 75% market rates.
The Canberra rental market is in crisis. High prices and competition for accommodation are putting homes out of ordinary Canberrans’ reach.
New rental measures announced by the ACT Government on Thursday (2 April) will see landlords offered an incentive to reduce rents for tenants in stress.
The ACT Government’s $214 million economic relief package for households, businesses and frontline health includes rent and rate support schemes.