Build To Rent Surge

Australia’s build-to-rent pipeline has surged to 51,000 apartments worth $40 billion.

This is up from 39,300 apartments worth $30.1 billion a year earlier.

Real estate and construction advisory firm BDO says that while Victoria still has the largest number of Build to Rent (BTR) apartments under construction, New South Wales has a larger number proposed for the future.

There are 9,026 units under construction in Victoria and 5,742  in New South Wales. Queensland has 1,904 under construction and the ACT has 420.

By 2032, the number of BTR apartments in NSW is expected to increase by 740%, compared to a 132% increase in  Victoria.

Nationally the sector is undergoing rapid expansion, according to the report. There were just over 9,000 BTR apartments in 2024 and there is expected to be more than 46,000 by 2029.

BDO real estate advisory partner, Luke Mackintosh, says the sector has reached a turning point.

“Build-to-rent is no longer a concept story,” he says. “It is an operating, income-producing asset class delivering real homes and stronger communities.”