The build-to-rent sector in Australia ramped up considerably during 2021 and there’s little doubt it will continue to do so into the new year.
But what’s ahead for build-to-rent in the longer term?
In this TUD Plus Briefing from The Urban Developer’s Build-to-Rent vSummit, JLL’s head of build-to-rent in Australia and New Zealand Paul Winstanley outlines where he believes we’re headed and the factors that will contribute to its growth.
Winstanley said that government policy and level of support for the build-to-sell sector would largely inform build-to-rent’s growth.
“The thing about build-to-rent investors is that they’re in it for the long term,” he said.
“They are quite a safe bet from a governance perspective, because of that.
“They want to provide certainty, they want all of their apartments to be let, so that it could be a really vital cornerstone of our rental market.
“But it all depends on what settings the politicians decide to put over build-to-sell, in terms of the attractiveness of individual rental investment, and that that almost isn’t to do with our community and build-to-rent because were going off on our direction.”