Citylife International is a private Australian real estate agency, advisory and consultancy company, with a focus on selling units in the St. Kilda Road precinct of 416, 416A and 418
Citylife International's Mike Bentley says this about City Condos at 416 St Kilda Road: “City Condos offers a variety of different floor plans at affordable prices, in the best Precinct available. The large increase in the Build to Rent development over the past 12-months has been driven both by aggressive acquisition strategies from major players who have been scaling up over the past few years and also by several ambitious new entrants.
“Potential clarity on federal level taxes alongside ‘proof of performance’ from the major wave of institutional-grade projects completing over the next 12-months are likely to be the catalysts for boosting capital flows to the build-to-rent sector going forward.
“We anticipate domestic superfunds and global pension funds to comprise a significant proportion of new capital entering the sector in coming years. The living sectors present an opportunity for these funds to provide financial return for members while simultaneously contributing to the diversity and supply of rental housing which may indirectly benefit many of their members."
Build-to-rent developments have taken the real estate investment world by storm over the last half-decade. And it's an asset class that mega landlords have dominated.
Right now in the US, institutional investors like Invitation Homes and Blackrock are buying up entire neighborhoods as quickly as they can, with the intent of owning them as renting properties.
Rather than competing with a much larger market of investors looking for existing rental properties, why not chase Build to Rent investment opportunities instead?
This article by Marsh and Partners, while relating to the US, also has some relevance for Australian investors looking for BTR opportunities.
