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ASX ends four-day slide with 2.1% jump; Westpac tips October rate cut – The Sydney Morning Herald

The Australian sharemarket rose by as much as 2.2% on Wednesday after US tech giant Amazon led an overnight Wall Street rebound.

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It has been in existence in overseas markets for many years, known as multifamily assets in the US and is gaining momentum in London.
One of the barriers to entry in Australia has been a tough tax regime. But that is changing with the NSW government has announced a 50 per cent land tax discount on the construction of purpose-built rental units from July 1, to be managed under a unified single ownership and over a threshold of 50 units.
An exemption from foreign investor surcharges will also be…

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