With demand for affordable housing soaring, entrepreneurs in the building and construction industry have identified an opportunity in the rental markets build-to-rent housing.
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The first stage of the NSW Government s attempts to
streamline State planning policy relating to housing has been
released, with long-awaited planning controls for build-to-rent
(BTR) developments announced by NSW Treasurer, Dominic Perrottet
(Treasurer) and Minister for Planning and Public Spaces, Rob Stokes
(Minister) on 12 February 2021 coming into immediate
effect.
The new State Environmental Planning Policy Amendment
(Build-to-rent Housing) (
Amending SEPP) will not
only establish a definition for BTR for the first time in NSW but
mandate minimum lifespans for BTR developments, allow BTR