|
In response to the much talked about housing affordability crisis in Australia, the federal government is looking to provide 50,000 new affordable dwellings by 2012. They plan to issue affordable housing incentives valued at approx $8,000 per annum for a 10 year period. While there is only draft legislation in place at the moment, the government is seeking applications from developers and investment consortiums before the bill is put in place. The scheme is targeted at residential developers and investment consortiums who intend to retain their stock (ideally 100 or more dwellings).
BMT understand the application process and can assist developers with construction cost estimates which are required as part of the submission. BMT can also assist in identifying the potential deductions through depreciation estimates which will significantly aid in unlocking the cash flow needed to retain the stock. Should you require any further information, please contact your nearest BMT office.
|
