Brisbane Infrastructure Charges Deferred 5 Years

Brisbane Infrastructure charges to be deferred for BTR developments for up to 5 years in Brisbane City Council’s latest Incentive Policy.

The Brisbane City Council (BCC) has provided a provision for developers to defer infrastructure charges for BTR projects. There will be additional support available to developments being delivered, owned and maintained by a registered not-for-profit housing provider.

The Policy will apply to the following eligible developments:

Approved for a material change of use for a multiple dwelling use by 30 June 2025.
Within the High density residential, Mixed use (Inner city), Principal centre or Major centre zones under Brisbane City Plan 2014.
Located for convenient access to public and active transport infrastructure and minimises any adverse on-street parking impacts.
For the residential use of the building is used entirely for build-to-rent purposes.

The deferred charges are to be paid in annual instalments following the commencement of use for the eligible development.

Council has also established a “Special Assessment Unit” within its Development Assessment team to streamline assessment of build-to-rent applications.

These two measures directly impact the viability of BTR developments in Brisbane and combined with Queenslands recently announced 50% land tax savings for BTR projects, are another great step to incentivising further housing supply in one of Australia’s tightest housing markets.

Franklin St. undertakes its modelling through the lens of the long-term institutional owner/operators of BTR assets, and deferring infrastructure charges impact a project’s IRR in a beneficial way.

Read more about The Build to Rent Equation here.