The United Kingdom, much like Australia has been slow to adopt the BTR model. Cultural bias towards ownership, low rental yields, favourable tax treatment towards private investors, you name it and the same reasons have been provided in both countries for why it will never happen. Yet in the past 5 years the UK’s adoption has increased dramatically with over 125,000 BTR apartments now completed, under construction or in planning.
So what are the key takeaways according to Adam Hirst from UK’s BTR?
Britain has said to have overcome similar challenges in establishing BTR. So what are the lessons learnt from the British policy and development journey that the Australian market can learn from?
The Driving Growth & Investment in Build to Rent conference will bring together public and private sector stakeholders, key policy makers, investors, operators and specialists to debate and share ideas on the future of the asset class in Australia.