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Building the case for build-to-rent

July 28, 2020

Stantec's John Luchetti discusses with Property Council of Australia, the positive outcomes received for both residents and investors with this new model of engineering designs

BTR – also known as multi-family housing – is purpose-built residential accommodation that is held for long-term rental, rather than sold to strata purchasers. While new to Australia, the asset class is well-established in the United States, Europe and the United Kingdom.

According to CBRE’s latest report, Build-to-rent development pipeline, more than 11,000 units in 30-plus developments are underway around Australia. An additional 10,000-plus units are in due diligence. Offshore institutional funding accounts for more than half the total pipeline.

Stantec has established a sizeable footprint in the BTR space and Lucchetti has observed a “big pivot” as entrants respond to several trends. Chief among these are a narrowing gap between residential and commercial yields, shortfalls in housing supply and demand from young, urban professionals who prioritise lifestyle and location over homeownership.

Read the full article in Property Australia

  • John Lucchetti

    Having worked in the commercial, education, public, and residential sectors, John leads as our Commercial Sector Leader in Australia focused on high quality and precision engineering solutions.

    Contact John
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