On Thursday 4 May, leading experts came together to discuss how build-to-rent (BTR) can not only deliver more housing, but more diverse housing for all of Queensland.
Keynote Andrew Purdon, Regional Director – Living Sectors, Capital Markets – Pacific, CBRE outlined that while BTR is currently a burgeoning asset class type in Australia (0.2 per cent of the residential market value), it’s pedigree in countries such as the UK and US show the exciting opportunities at hand for QLD.
Andrew was joined by Angela Buckley, General Manager (BTR), Mirvac and Bernard Armstrong, CEO of Cedar Pacific Investment Management.
Some of the key panel discussion takeaways:
- BTR developments are projects designed and constructed with the view that the dwellings are held by the developer and rented out upon completion.
- BTR offers an appealing customer proposition – flexible lease arrangements, access to amenities and less prescriptive requirements make for a welcoming environment.
- This is an untapped investment, Australia is a standout market for international institutional investment – and they are knocking on the door.
- While recent announcements surrounding BTR are welcome, there is still further focus needed on planning regulations, tax settings and the prioritisation of projects to ensure that housing isn’t overlooked in the delivery of big infrastructure projects.
Thank you to our speakers, our Breakfast Series Sponsor RCP and our event Support Sponsor ADP Consulting Pty Ltd.