NSW opens the door to foreign capital: Surcharge duty relief for build-to-rent and retirement villages

Changes to the foreign purchaser surcharge duty is framed as a housing-supply measure designed to attract overseas institutional capital to help finance additional rental housing and accommodation for older Australians

The 2026–27 New South Wales (NSW) Budget announces the removal of the 9 percent foreign purchaser surcharge duty for qualifying large-scale build-to-rent (BTR) developments and retirement village projects. The exemption is intended to apply from 1 July 2026 and is directed at developments comprising more than 50 dwellings. The NSW Government has framed the reform as a housing-supply measure designed to attract overseas institutional capital that would otherwise be deterred by the surc...

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Authors: Cullen Smythe, Rouein Momen,

Published Date: 23 June 2026