UBS analysts Tom Bodor and Grant McCasker said that if the Australian government provides support in taxation and planning, the scale of BTR (long-term rental apartment) construction in Australia will increase significantly in the next three years, adding 10,000 long-term rental apartments every year.
Two analysts said that five large developers, including Mirvac, are increasing the scale of construction in this area, and there are also companies of varying sizes entering this market.
They also said that the prospects for the long-term rental apartment market in Australia are worth looking forward to. The reasons include: the gradual recovery of rental demand, the decline in rental vacancy rates, historically low interest rates, weak substitutes for long-term rental apartments, and capital seeking low-risk rental income.
