State governments are offering land tax deferrals for landlords whose incomes have been or will be hit by the COVID-19 shutdown, but some landlords are suggesting the federal government needs to set up a temporary National Rental Affordability Scheme.
State land tax revenues bring in an estimated $11.6 billion for state governments who are already facing plunging stamp duty revenues from a downturn in property sales.
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Matthew Cranston was The Australian Financial Review’s United States correspondent.