New R&D incentives needed to fend off innovation precinct ‘cannibals’

A group representing Australia’s oldest innovation precinct has urged the federal government to consider new tax incentives for R&D infrastructure to counteract residential build-to-rent developments. As governments stare down a housing crisis, attractive incentives designed to get investors to build more affordable rental housing stock could “cannibalise innovation growth space”, Connect Macquarie Park Innovation District…

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