I’m not a cynic, but I do have a healthy scepticism.
The federal budget expanded a tax incentive if you invest in affordable housing. The specific rules are on the ATO website.
Should you do it? If you have a benevolent goal to provide affordable housing, then maybe.
The sweetener is you get a capital gains tax discount increased from 50% to 60%. This means when you sell the property, 60% of the gain will be tax-free.
There is a sting in the tail. After a compulsory 3 year period of ownership, where you provide the house to low and moderate income tenants, at a below market rate, you are unlikely to make a capital gain.
It will be interesting trying to financially model a positive result given all the variables.