Increase Government Support for Build-to-Rent
Build-to-rent (BTR) is an important pathway for rental housing supply across the cities of Australia. The discourse has become more prevalent as stakeholders seek government support to expand the sector to provide, amongst other reform measures, affordable rental accommodation.
This paper examines the effectiveness of BTR as a pathway to affordable housing supply in Australia and identifies the additional reforms needed to increase that supply further. Interviews with key stakeholders were used to assess the success of the asset class to date, how it is likely to perform in increasing affordable rental housing supply, and what additional reforms may be required to expedite supply.
The paper found that while BTR aims to scale up the rental housing supply, its limitations in its present form demonstrate the need for additional reforms. Unfavorable taxes, inner-city locational attributes, and ultramodern services make the asset class a high-end housing model..
Also Read: Supporting Housing Affordability in New York City Through Increased Housing Production