Sydney Playing Catch-up
Build to Rent Australia Pipeline: Sydney may be Australia’s “Gateway City” however the global funds investing in Build to Rent to date are having a hard time finding projects, representing just 21% of national BTR supply.
As funds have entered the Australian market, a key investor mandate has been for Sydney based projects, yet this has not transpired until recently.
Build to Rent supply in Melbourne & Brisbane are both over 2x that of Sydney on a per person basis.
This is changing. As the Australian BTR market matures, large development sites in Sydney are being unlocked.
Melbourne & recently Queensland have taken the spotlight, but we will be watching the Sydney market closely through 2024.
Will we see Sydney landowners & developers become more receptive to alternative BTR funding structures?
Share of BTR Pipeline:
Victoria: 52%
Queensland: 25%
New South Wales: 21%
Western Australia: 1%
South Australia: 1%
Read further about how the Brisbane City Council has amended infrastructure charges.