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"Built-to-rent" will work in Australia, says Greystar boss

Property Markets / Transactions


Mar 06 2018

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The managing director of Greystar Asia Pacific and Australia said doubters of “build-to-rent” would be proven wrong, following high profile speculation about the viability of the concept in Australia.

The comments were made at the 2018 Property Forum after property developer Tim Gurner said the industry had little chance of being a local success if private developers couldn't make it work commercially.

But Greystar’s Chris Key said doubt had arisen each time Greystar had entered a new market, including its 2013 British entry, where it now manages a $5 billion portfolio of long-term rental housing and student accomodation. 

Globally, Greystar has built a $103 billion portfolio of more than 430,000 units, however many Australian property observers believe the model won’t work here because of low rental returns and the suitability of Australia’s tax, finance and planning environment.

Greystar will launch its first Australian projects this year.



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