Build-to-rent properties— those retained by builders and developers for lease rather than selling them on completion or registering them for strata title, are not new in Australia.

However legislative changes, particularly in NSW and Queensland are seeing a gain in momentum in the market, opening an opportunity for insurers and brokers.

A better rental experience

The build-to-rent concept has always been popular overseas, in major cities in the UK, US, Japan and parts of Europe as it can offer a more secure and better rental experience.

In the UK, for example, there are now an estimated 170,000 build-to-rent apartments in the planning, construction and operational phases in London, Birmingham, Manchester and other major cities.

In Australia, CHU is seeing a trend towards 100 per cent ownership by an individual or a company that negates the need for registration as a strata scheme under state-based strata title legislation.

Premium

You need to login to access this

Login

What are CIP Points? About ANZIIF Membership