AUSTRALIAN PROPERTY INSIGHTS
VERTICAL COMMUNITIES
DEMAND DRIVERS
A structural shift in Australia’s rental dynamics is fuelling the rise of BTR. Home ownership has become increasingly out of reach in major cities and the average renting period has lengthened. Over the past 15 years, renter growth has significantly outpaced owner-occupier growth across all age brackets.
The income profile of renters is also shifting. High-income households now represent a growing share of the rental base – driven by affordability barriers to ownership and changing lifestyle preferences. These “premium renters” are more likely to seek out buildings with characteristics similar to what BTR assets offer: amenity-rich with professional management and lease flexibility.
CHART 4
RENTING BY AGE GROUP
20 30 40 50 60 70
0 10
Under 35
35-54
55 And Over
1996 2001
2006 2011
2016 2021
*Sydney, Melbourne & Brisbane
Source: ABS
CHART 5
INCOME DISTRIBUTION OF RENTER HOUSEHOLDS
20 25 30 35 40 45
0 5 10 15
$51,550-$77,949
$77,950-$129,949
$129,950-$155,949
>$156,000
1996 2001
2006 2011
2016 2021
*Sydney, Melbourne & Brisbane
Source: ABS
5
CUSHMAN & WAKEFIELD
Powered by FlippingBook