Tax changes needed for new build-to-rent sector


READ MORE

CBRE established a dedicated BTR committee last year to advise on new and proposed developments. It has worked alongside developers, investors and financiers in originating and delivering such projects.


The committee is currently advising on more than $1 billion in projects comprising more than 2000 apartments on behalf of large listed REITs, private developers, financiers and public sector clients.


The current downturn in the residential cycle has increased the availability of suitable land for BTR projects and the volume of market inquiries and investor presentations that CBRE has been involved in has more than tripled year-on-year.


However, tax changes are critical to drive increased interest from major global institutional investors who hold significant BTR-related exposure in other jurisdictions, including the US, where the sector is known as multi-family.


A recent adjustment in Australian land values, alongside broader changes in consumer preferences, has provided a greater opportunity for BTR projects and a change in the MIT legislation would further increase the viability of new developments for offshore investors and provide an exit strategy for some developers who are actively looking to offload parcels of residential land that they can no longer afford to develop.


Article source: https://www.smh.com.au/sport/racing/race-by-race-guide-and-tips-for-hawkesbury-20180919-p504nx.html?ref=rss&utm_medium=rss&utm_source=rss_feed

Comments

Popular posts from this blog

Harry Styles Unfollows His Keyboardist, Who Defended A Man Charged With Rape, & Fans Cheer

One Nation's Malcolm Roberts wants migration rate more than halved

World Cup Central: Dhoni, Akhtar, Botham in All Blacks all-time cricket XV