The Australian Financial Review hosted their annual Property Summit in Sydney with Michelle McNally CEO Aware Real Estate contributing to an insightful panel discussion on ‘Build-to-rent boom: unpacking the potential BTR.’
Interesting discussions transpired on lessons learned investing in BTR in the UK and USA before directly investing in Australia, and the potential BTR has to reshape our view around housing- at an individual, or smaller investor level, and this being a wealth creation tool or a basic need to be met? However, delivering supply is challenging right now but the sector itself will have strong development legs.
Sentinel Real Estate Corporation has 28,000 rental apartments under management globally. The AFR reported that Michael Streicker, President of this NY based organisation said, ‘There’s a tremendous demand for the product.’
Whilst Michelle McNally was reported to say, ‘Typically, people in property can solve any problem that’s put in front of them but if you continue to shape change the rules on how you operate, it does make the environment quite challenging.’
There is still a great deal to do in this space to develop the BTR sector, however with education and awareness, there are ways to build wealth.
Thank you to Michael Bleby, Deputy Property Editor AFR for moderating this panel discussion and fellow panelists:
Angela Buckley, Fund Manager – BTR Sector Lead, Mirvac Group
Michael Streicker, President, Sentinel Real Estate Corporation
Brendon Lamers, Partner, Tax, Clayton Utz
Read the full AFR article here.