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WILL BTR ACCELERATE IN AUSTRALIA POST COVID?
While the coronavirus pandemic amplified growth in Australia’s multi-family sector, industry leaders believe the market is poised to grow further as new projects reach completion and policy frameworks firm up.
Speaking at Mingtiandi’s Multi-Family Investment in Australia Panel in March 2022, Hines director and head of living for Australia Sam Bisla said a chronically undersupplied housing market and related home affordability issues, alongside residents’ willingness to pay for quality space with amenities will continue to drive demand for multi-family accommodation over the long term.
WATCH THE AUSTRALIAN BTR FORUM HERE: APPROX.40 MINUTES, FOLLOWED BY Q AND A:
David Scalzo, managing director of Perri Projects, told Mingtiandi’s residential forum that entry of more institutional investors can help develop Australia’s multi-family market further, especially since demand on rental housing has been growing in key cities such as Melbourne, Sydney, Brisbane and Perth.
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