RESIDENTIAL PROPERTY
INDUSTRY groups have welcomed the Labor government’s plans to introduce tax breaks for build-to-rent developers, which could turbo-charge the...
After years of industry pressure, Prime Minister Anthony Albanese announced after National Cabinet on Friday that Labor will...
A recent study by EY, commissioned by the Property Council, showed levelling the withholding tax rate, in line with investment in...
Labor will also increase the depreciation rate from 2.5% to 4% per year for eligible new build-to-rent projects where construction commences...
MIT on build-to-rent has been seen as a major obstacle in trying to attract institutional funds needed to develop projects.
“This is a landmark decision by government that will be critical to unlocking the at-scale housing supply Australia needs to combat our...
Property Council chief executive Mike Zorbas said the move will “breathe life into this vital asset class, unlocking desperately needed supply through a...
“Build-to-rent housing, like purpose-built student accommodation and retirement living, is a positive part of the national housing equation and...
Australia is suffering under the strain of a national rental crisis. Housing vacancy rates across Australia’s capital cities are at a...
“Measures to make the housing industry a more attractive place to invest is welcome at a time when communities are crying out for more supply,”
“We are seeing rental inflation accelerate to its fastest pace since 2012 brought on by shortages in land supply and exacerbated by rising interest rates.
“For many builders and developers, initiating large-scale home building projects in the current environment is...
According to Savills, around 40,000 apartments are either completed or in the build-to-rent pipeline. The number of institutional funds targeting...
Mirvac has led the charge locally among institutional players, whilst major investments from foreign players have come from...
In its quarterly update, Mirvac said it is establishing a new build-to-rent rent venture with two “aligned long-term capital partners”.
Build-to-rent is now 6% of Mirvac’s investment portfolio and it has a $700 million of assets under construction.
Albanese also announced the government would support an additional $2 billion for more social and affordable rental housing in next month’s budget,...
Meanwhile, limits on rent both the size and frequency of rent increases could be part of a national strategy to strengthen renters’ rights.