🏠, Build-To-Rent Projects Could End Our Accommodation Shortage

Published: Sat, 05/11/24

Hi ,

Chances are you've not heard about build-to-rent projects, which isn't surprising. But experts suggest they could be the answer to our current housing crisis.

While build-to-rent occurs quite significantly in foreign housing marketing such as the United States where it accounts for about 12% of the housing market and the UK where it is about 5%, in Australia BTR's account for just 0.2% according to a recent report by Domain.

This means, of the 2.5 million rental properties in Australia, the majority are individually owned by investors. The concept behind BTR's is apartment-style rental accommodation that is built, owned and managed by a corporation. This would create more sustainable options for long term tenancies with increased permanency and affordability.

An increase in build-to-rent apartments in Australia from 0.2% to about 3% would mean a rapid injection of approximately 350,000 extra homes for rent, the Domain report says. Currently Melbourne leads the way with the biggest BTR market share in Australia at 48% followed by south-east Queensland with 39%.

Looking to buy a property in Melbourne or Tasmania? Ask about our buyer advocacy service where we provide you with trusted impartial advice and guidance, and MAKE IT EASY to enjoy a smooth and easy pathway to selling your home.

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Would you?

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Low maintenance living certainly has benefits for busy families. Our buyer advocates can help you find a family-friendly location where a low maintenance home doesn't mean a lack of space for active family living.

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What Our Happy Clients Have To Say...

We love hearing what our happy clients have to say about their experiences with Chamberlain Property Advocates. We helped Belinda and Sunny buy their first home. Here's what they had to say:

"Working with an advocate was a really interesting process for the family and I. This was my first time buying a property, so having an advocate was really helpful; it took away a lot of the stress. We also found that we feel more educated about property purchasing and the whole process now. So having an advocate to guide us through that was really helpful.

Working with Chamberlain Property Advocates was a really good experience. We found the process was helpful. They helped us narrow down what we were looking for, assisted us with all the ins and outs of buying property and taught us about bidding at auction, and the insider knowledge around off-market properties was really useful.

So this property was off-market, so had we not used an advocate we wouldn’t had known about this ourselves. And for us that has been one of the biggest benefits of working with an advocate.

We’re very happy with our purchase. Actually buying a property during the lockdowns that we’ve experienced has been challenging. And we’ve purchased this property site unseen until today so we actually had a couple of Zoom walkthroughs and purchased that way. Which was a little bit daunting, but having an advocate assist us to break some of the stress with that extra complication that we had.

Belinda and Sunny

At Chamberlain Property Advocates, we find it immensely satisfying working with buying and selling clients alike. Let us help you too!

Hear what our other happy clients have to say

Wendy's Tips

Every property that comes on the market needs to have a Statement of Information prepared by the real estate agent under Victorian Law. That is a document showing you comparable sales in the area, in the opinion of the sales agent.

It shows the properties sold in the last year that the agent thinks are comparable to the one you're looking at, to give you an idea of price. The comparable properties need to be within two kilometers of the property you're looking at and, perhaps most important, they must have the sale date because depending on whether the market's going up or down, that is what will show you how comparable that particular property is.

Remember that properties on different sides of the street can be in different suburbs, which can make a difference to the sale price.

So look for the agent's Statement of Information to gain insight into what a property might be selling for.

Need a hand? Give us a call.

Wendy Chamberlain, Buyer's Advocate

Wendy in the Media

Wendy was a guest of Vilma Formosa on North West FM's Midday Panorama show on Friday 3rd May. If you missed the show click below to listen!

Listen to Wendy and Vilma here

Where is Wendy Speaking Next?

If you're in the Merri-Bek council area, this might appeal to you! Wendy will be running a workshop for the council on Wednesday 26th June, and the topic is: 7 Business Secrets I Wish I Knew. Sound good? Keep your eye on the Merri-Bek council's events program for updates, link below.

View the Merri-Bek Council's Events Program

The team at Chamberlain Property Advocates wish all mothers, grandmothers, stepmothers, fur-mothers and anyone in a mothering role a very happy Mother's Day this Sunday 12th May.

Seeking the support and guidance of a buyers or sellers advocate is always a good idea. We help to take the stress out of buying and selling property! It always pays to have an expert in your corner.

Please call the office on 03 9686 2288, book a time to chat here or send an email to enquire@wendychamberlain.com.au and we can make a time for a confidential chat. Obligation free!

We'd love to help and make things easy for you too.

With gratitude,

GPO Box 2000
Melbourne VIC 3001
AUSTRALIA

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