WAToday
While already well-established in the United Kingdom and United States, the build-to-rent property development model is in its infancy in Western Australia.
But the concept is expected to gain traction following the announcement of state and federal tax sweeteners for the private sector to commit to new projects.
Limnios Property Group managing director James Liminos said while embracing the model could help Perth’s dire rental shortage, a deeper analysis revealed myriad potential downsides.
“Build-to-rent” projects are large-scale residential developments, often high-rise blocks of apartments, where all the properties are owned and managed by a single entity to be rented out over mid to long-term periods.
To read the article in full, including comments from UDIA WA CEO Tanya Steinbeck, click here.