In Australia’s 2023 May budget, the government announced 1.5 million in net migration for the country over five years to help revive a stalling economy. CBRE’s in-house budget analysis had experts evaluating this as a huge number of people to accommodate.It’s this sentiment which leads perfectly into this week’s Talking Property episode which explores Australia’s build-to-rent (BTR) sector in detail - blocks of apartments that are specifically built to be leased rather than sold to individual owners. As an emerging asset class, BTR has been attracting significant interest from both local and offshore investors as well as garnering plenty of industry attention as one part of a bigger solution to alleviating the country’s housing and rental crisis.With 30,000 apartments operating or in the pipeline across the country, there's big potential with forecasts the BTR sector could grow to as many as 150,000 apartments within 10 years.To understand the diversity of benefits, challenges and future market outlook for BTR in Australia, CBRE’s Pacific Communications Director, Kathryn House, talks exclusively to Mirvac’s Fund Manager and BTR Sector Lead, Angela Buckley, alongside CBRE Pacific’s Head of Living Sectors Capital Markets business, Andrew Purdon.If you have any questions from this episode or property topics that you’d like CBRE to answer in future episodes, please email us at: [email protected]. If you have any questions regarding this episode or property topics that you’d like CBRE to address in future episodes, please email us at [email protected].

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