NSW Government-owned site is close to Sydney’s central business district and
transport, providing residents access to work, community and leisure activities
– all lifestyle opportunities always attractive to private residents but not
always available to those in need of housing support.
Key says while B2R is in its relative infancy in
Australia a number of consumers, government, investors and banks are starting
to come on board.
ultimately get scale into the industry and have it accepted as an asset class
both by institutions but also consumers it’s really important we break down any
myths there are about what the product is - and have a tailored policy response
that meets the need of build-to-rent,” he says.
is optimistic about the opportunities B2R offers at a time when there’s
volatility in the market and when affordable housing remains a remote
possibility for some Australians.
of ANZ’s purpose [includes] three issues that we care about most and those are
housing, financial well-being and environmental sustainability,” she says.
means looking at housing not only for people to buy but also for rent and [build
to rent] has a natural synergy in that way because it really allows us to look
at long-term, stable rental accommodation for more than a third of the
Peter Thomas is
State Director, Property – Business & Private Banking at ANZ