Build to rent needs institutional investment, housing minister says

Housing Minister Julie Collins says there is a “realistic prospect” of establishing build-to-rent real estate as a “significant new investment asset class,” with the Albanese government now considering several reforms to encourage financing.

“We don’t know quite what they’re going to say. You want certainty, you want to set and forget, you want to be able to go 10 to 15 years of investment, [but] the government keeps playing around in the middle.”focus on creating a larger pipeline of suitable projects coming to market, reducing risk in the development and ownership of institutional housing assets and boosting institutional investment in BTR.

“Delivering supply is obviously a challenge right now, but we really see that as something that will be resolved over time, and the sector itself we think will have strong development legs.”which aims to build up a $7 billion platform within five years, said clarity was needed for the sector to take off.Advertisement

“What’s really important is we actually understand what it is that we’re really shooting for here,” Ms Buckley said.

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

APA Group sees ‘great opportunity’ to build out capabilities in renewable power generationAPA Group CEO Adam Watson says his company sees a “great opportunity” to build out capabilities in things like renewable power generation. “Look we’ve been around for a very long time as largely a gas pipeline organisation,” he told Sky News Australia. “Transporting gas from a transmission perspective to get it to the distribution networks that eventually get the gas to your homes. “Organisationally they were being under a transformation over the last several years as the energy transition is ramping up as well. “We see great opportunity to build out our capability in areas like renewable power generation, batteries, obviously gas firming is going to play a critical role to build out the renewable power generation.”
Source: SkyNewsAust - 🏆 7. / 78 Read more »

More Canberrans will be allowed to split their block and build a second houseThe zoning changes will allow dual-occupancies to be built on blocks that are 800 square metres or bigger, though onlookers expect few owners to take up the option.
Source: abcnews - 🏆 5. / 83 Read more »

Board resigns in disgust over threat to $7 million seacliff boardwalkThe Crown land managers believe the NSW government is set to dump the fully funded walkway so Marine Rescue NSW can build a proposed unfunded training facility.
Source: smh - 🏆 6. / 80 Read more »

Germany Boxer Army vehicles deal ‘in danger’A $1 billion export contract to build armoured vehicles with Germany looks to be “in danger” now, according to Sky News Political Editor Andrew Clennell. In July, Prime Minister Anthony Albanese announced Australia would export more than 100 locally made Boxer heavy weapon carrier vehicles to Germany. There have now been reports that negotiations over the export deal have broken down after the Albanese government awarded a more lucrative defence contract to a South Korean company.
Source: SkyNewsAust - 🏆 7. / 78 Read more »

Why an Afghan teenager’s underground book club needs Australia’s helpAs women’s rights have been wound back, one teenager and her friends have found a way to study.
Source: smh - 🏆 6. / 80 Read more »

Why an Afghan teenager’s underground book club needs Australia’s helpAs women’s rights have been wound back, one teenager and her friends have found a way to study.
Source: brisbanetimes - 🏆 13. / 67 Read more »