AUSTRALIAN PROPERTY INSTITUTERESIDENTIAL PROPERTYVIDEO

The $65bn build to rent question for Australia

Print Friendly, PDF & Email

A TAKE-UP of just 1% in Australia’s fledgling build-to-rent sector presents a $65 billion opportunity to the country’s market, according Chris Key, Greystar AsiaPac chief executive officer.

Speaking at the Australian Property Institute’s National Property Conference on the Gold Coast, Key said two critical factors haven’t helped institutional investors in the journey to pioneer the sector in Australia.

“The market up until the last six or 12 months has been very hot. Competing in a hot market against the traditional developer is challenging for the product that we offer. We tend to do better in terms of volume of delivery in down cycles.

“The other factor that’s at play here is the tax landscape and the government regulation. We’ve had a barrier put up in terms of offshore investment into this asset class, which is really constraining the appetite of offshore investors who invest in this product all around the world, and invest with us in many corners of the world today.” Key concluded.

Australian Property Journal

Related posts
GENERAL PROPERTYRESIDENTIAL PROPERTY

NAB pledges $2bn towards build to rent, affordable housing

THE nation’s fourth largest bank, the National Australia Bank has made a $2 billion commitment to…
Read more
AUSTRALIAN PROPERTY INSTITUTE

API welcomes arrest in LMW data breach

THE Australian Property Institute has welcomed news of an arrest of a software contractor in…
Read more
AUSTRALIAN PROPERTY INSTITUTE

API partners with IAAO

THE Australian Property Institute (API), and the International Association of Assessing Officers…
Read more