Australia’s Build to Rent sector is surging, with the national pipeline now worth more than $30 billion.

According to the Property Council of Australia, the value of the sector has grown by 35% in the past year.

BDO Partner Luke Mackintosh says the sector has the potential to grow substantially to be worth between $300 billion and $600 billion in the next ten to 15 years. It could potentially deliver between 600,000 and 700,000 homes during that period. “That’s not just new housing. It’s also hundreds of thousands of new jobs in construction and operations, and the creation of a whole new institutional asset class in Australia,” he says. “On average, a single BTR project delivers around 320 apartments, adding directly to the rental pool. That scale is what makes Build-to-Rent such a powerful lever in addressing the housing shortage.”

But Mackintosh says all levels of government will need to implement some changes to allow that to happen and to encourage Australian and Foreign institutional investors into the market.