A new Asset-Class for wealthy investors is emerging here in Australia …
It is with BUILD-TO-RENT, and the big boys from the United States have arrived – Greystar
Consider the way this text is worded … because it is apparent to us that a conditioning process is underway!
WILL it become gospel?
”… with a third of Australians now deciding to rent rather than servicing mortgages, choosing instead to spend more money on their lifestyles or on alternative forms of investment.”
THAT would not be because they have been locked out further by a 21% price hike during 2021 … to buy a place of their own … to have the security … and the opportunity to make it ‘their own’ … and to become a part of a community!
THAT they then seek second best to find some JOY if they possibly can after paying a hefty rent (dead money), and or working the stockmarket hoping to achieve the goal of home ownership long term perhaps?
IT is then put that ‘Increasing strains on housing affordability due to surging house prices has also driven many to consider rental accommodation.’
What choice is there if you have been locked out?
“ … and with the right policy settings there is a genuine opportunity to accelerate housing supply, create jobs and stimulate growth as we look to navigate our way out of the pandemic,” Key said.
IT appears it is not only the developers of apartment towers for sale, but now the BTR sector is selling its way into our country by enticing investors.
WITH a former staffer of the developer lobby, the Property Council of Australia – who wrote their policy before he entered politics – and who is now our PM that we now have the great scourge of the Australian political economy – HOUSING yet it is not providing home ownership for the majority!
AUSTRALIA … WE HAD IT SO GOOD! In the 1960s and until about 1991 we had 70% home ownership!
AUSTRALIA now rather than investing in green jobs, artificial intelligence and robotics like China and the United States, our wall of money is wasted on real estate!
AS said by Economist Yanis Varoufakis on last week’s ABC Q & A!
READ MORE how the BTR sector has been boosted last year by changes to land tax treatment announced by NSW and then by Victoria in its last budget … from The Urban Developer
COMMUNITY ACTION ALLIANCE FOR NSW (CAAN): HOUSING INEQUALITY WITH AUSSIES LOCKED OUT! 