Property Council of Australia backs built-to-rent model to tackle housing crisis
Build-to-rent apartments could be the ‘silver bullet’ the Australian housing market needs, chief executive says
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Build-to-rent housing could deliver 150,000 new homes over a 10-year period, a new study released by the Property Council of Australia has revealed.
The report, commissioned by the Property Council and conducted by Ernst & Young over a five-month period to April 4 this year, showed that built-to-rent housing in Australia is now worth $16.8 billion but had the potential to become a $290 billion sector with the creation of 350,000 new apartments.
However, the report said a ‘viable’ market in Australia would likely require capital investment from foreign investors.
“The Government is to be commended for taking an interest in the Build to Rent sector, through the National Housing Accord and beyond,” the report said. “However, despite the numerous pilot projects, a viable market that is liquid enough to meet demand is still not realistic in Australia.
“In order to create a viable market, capital investment is required which is likely originated from overseas foreign investors in the short to medium-term. As such, Australia needs to remove barriers to entry to allow the flow of foreign capital and the creation of a liquid and viable investment proposition.”
Among the report’s recommendations are offering incentives to local and international investors through tax breaks, allowing a 15 percent managed investment trust withholding tax rate for foreign investors and addressing the regulatory barriers for domestic Superfund investors.
Property Council of Australia chief executive Mike Zorbas said the build-to-rent was a key tool to addressing Australia’s housing crisis in the coming years.
“With a 79,300-home deficit to 2033, Australia needs better planning, more land supply, proper housing targets and a national strategy on build-to-rent and purpose-built student accommodation,” Mr Zorbas said.
“The potential to create 150,000 homes over the next 10 years with just one asset class shows build-to-rent is about as close to a housing policy silver bullet as they come.
He said Australia faces a worsening housing affordability crisis with State Governments missing their housing targets and planning systems failing to keep up. Supporting a build-to-rent model would also ease housing affordability pressures, Mr Zorba said.
“More supply means downward pressure on the cost of renting and buying, and people who live in build-to-rent housing will enjoy the benefits of professionally managed properties, good locations, superior amenities and long-term security of tenure,” he said.
A relatively new model of housing in Australia, the NSW Department of Planning describes built to rent as “large-scale, purpose-built rental housing that is held in single ownership and professionally managed”. It’s a popular, long established model of housing in Europe where it made up one fifth of commercial housing in 2020, according to Canstar.
The Ernst & Young report said the Australian model should target Millennials and Generation Z, with a focus on young single and couple households.
From elevated skincare to handcrafted home pieces, this year’s most thoughtful gifts go beyond the expected.
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From elevated skincare to handcrafted home pieces, this year’s most thoughtful gifts go beyond the expected.
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Mother’s Day has quietly evolved. It’s no longer about last-minute flowers or safe department store buys. Instead, there’s a noticeable shift towards gifts that feel considered, personal and, increasingly, lasting.
This year’s edit leans into that idea, bringing together pieces that balance design, purpose and a sense of story.
At the more elevated end of beauty, Australian-founded skincare label Bon Elliot offers a future-facing approach grounded in dermatology.
Its Hydrating Performance Serum, priced at $220, is designed to support the skin’s natural balance, working across the microbiome, barrier and repair response for a more refined, luminous finish.
It’s the kind of gift that feels indulgent, but also quietly practical.
For something less expected, there’s a playful turn in the form of Tinned Candle’s handcrafted pieces.
Inspired by tinned fish, the Atlanta-based studio has created candles that are as much design objects as they are functional.
Importantly, they smell nothing like sardines, leaning instead into ocean breeze or champagne notes, depending on the piece . It’s a small, clever way to bring personality into a space.
There’s also a growing appetite for gifts that give something back.
Coral adoption programs offer a more meaningful alternative, allowing you to adopt a coral in your mother’s name while supporting fragile marine ecosystems under threat from climate change.
It’s less about the object and more about the gesture, which, in many ways, feels more aligned with the moment.
Homewares continue to hold their place, particularly when craftsmanship is at the centre.
Tanora’s collection, handcrafted in Madagascar, blends traditional techniques with a modern coastal aesthetic, spanning everything from woven totes to placemats and cushions.
These are pieces that don’t just decorate a home, they add texture and narrative to it.
For something more personal, Australian lingerie label Cloud Blvd offers soft, wearable luxury in the form of robes and camisoles.
With options designed for comfort as much as elegance, they strike that rare balance between everyday use and quiet indulgence.
And for the mother who loves to host, Mesa Collections delivers a playful yet polished take on the table.
Think colourful linens, sculptural silverware and small details that turn a simple meal into something more considered.
What ties all of this together is a shift in mindset.
The best gifts this Mother’s Day aren’t necessarily the most expensive or the most obvious. They’re the ones that show thought, whether that’s through design, craftsmanship or meaning.
Which, if you think about it, is exactly the point.
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