Sydney Survey On Build-To-Rent Shows Positive Sentiment

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For developers, the customer base is likely to be diverse. This means being in tune with the nuances of specific markets.

Kylie Newcombe

So, who is interested in build-to-rent?

15% of Sydney residents said they are likely to consider build-to-rent if looking at rental property. A further 32% are somewhat likely.

All in all about half of Sydney residents in the survey would be open to considering build-to-rent. This suggests trust in the model, and it being a welcome addition to a market with supply, quality and trust issues. Regardless of whether they are renting, build-to-rent is seen as a positive disruptor for a sector in need of change.

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Our build-to-rent experts are passionate about the success of this sector. We look at the opportunities from many perspectives and that includes customer sentiment, which can be overlooked in a landscape of numbers. It is more than balance sheets – it can make a positive social contribution.

Kylie Newcombe

The survey indicates residents in the rental market would embrace the opportunity to live in a build-to-rent community.

Sydney residents however, will have to wait before these apartments are the norm in the rental market. Urbis’ Rental Intelligence Dashboard reports a pipeline of 1,434 build-to-rent apartments in Sydney, which includes those under construction and with development approval. By comparison Melbourne has a pipeline of 12,407 build-to-rent apartments.

Get in touch with our team to find out more about opportunities in the build-to-rent market.