As Premier Annastacia Palaszczuk and opposition Leader Deb Frecklington are about to enter the formal campaign stage of the state election, the State opposition is offering to cut land tax by 75 per cent on selected projects to create a “build to rent” scheme in Queensland that should “drag Queensland out of recession”.
The LNP said its plan could attract about $2 billion in private investment, create 4600 construction jobs and see 4000 homes built over the next 10 years.
In exchange for the reduced land tax, owners would be asked to offer some units at affordable rent.