RESIDENTIAL PROPERTY
INVESTMENT into the build-to-sell (BTS) and emerging build-to-rent (BTR) apartment markets may be the only way for Australia to meet its ambitious housing targets.
According to a new study from Charter Keck Cramer, an estimated minimum of 72,000 and closer to 78,000 BTS and BTR apartments need to completed across the country each year to...
At the same time the NSW government is looking to deliver 750,000 new dwellings, or 75,000 per annum, over the coming decade...
With the Victorian government targeting 800,000 new dwellings, or 80,000 per annum, over the next decade...
Charter Keck Cramer’s insights have Australia’s peak year of new housing supply completed at just under 220,000 in FY2017...
With NSW completing a peak of 73,000 dwellings in FY2018 and Victoria completed 67,000 dwellings in FY2017...
“Quite simply, to achieve these targets, Australian policy makers will need to create the conditions for one of the largest home building cycles since the 1950s and 1960s,”...
“To facilitate rapid change, Governments at all levels will collectively need to employ numerous tools to establish preconditions that facilitate feasible delivery of these dwellings..
The peak years of BTS apartment completions were across FY2017-FY2020 and spawned from an environment created by off-the-plan incentives to investors...
Crucially, over the FY2013 to FY2020 apartment completions were not exclusively delivered through high rise developments, instead mid-rise BTR apartment developments...
With around 53,000, or 34%, are in mid-rise projects already located in the inner and middle regions of the cities...
Victoria is currently leading the BTR sector in the country, while nationally BTR projects in the pipeline are up 56%, with the number of apartments under construction...
“It is our view that the impact of the pandemic on the housing market needs to be viewed through the same lens as was the impact of WW2,” read the report...
“Policy makers at all levels of Government need to employ streamlined (and consistent & complementary) policy to assist with the feasible delivery of the supply of dwellings...