BTR comes into sharper focus

Build to Rent push

Budget night is coming up pretty soon, and I expect the Treasurer will come up with some tax incentives to push the Build to Rent residential sector forward. 

Corporate landlords will be incentivised to rent out units to tenants and offer the potential for longer lease terms.

I'm not a fan of the sector myself, but some people like the idea of paying rent to a corporate instead of a private landlord. 

It's a massive part of the new supply in the London housing market these days, and Labor Party in Australia likes the idea, spurred on by union-dominated superannuation funds.

Auckland has been embracing BTR lately, with the Resido development launching this week.

$921 per week for a 2-bedroom flat doesn't sound like much of a housing affordability solution to me, at the best part of 50 grand a year from your post-tax dollars.

In Australia, BTR will mostly be focused on Melbourne, and to some degree Brisbane and Gold Coast.

It's hard to see it taking off so much in Sydney, where land prices are too high, and planning restrictions make life trickier. 

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