Build To Rent Rising

Build-to-Rent projects are becoming increasingly popular, with almost 30,000 apartments proposed or under construction.

Analysis by advisory firm BDO shows the value of the market has grown by almost $9 billion or 40% in the past 12 months.

It says there are almost 30,000 build-to-rent apartments proposed or under construction nationally as of the second quarter of 2025.

Development of build-to-rent projects is particularly concentrated on the East Coast, with Victoria leading the charge with 12,396 apartments either under construction or planned.

New South Wales has 10,758 and Queensland, 3886. Western Australia has 535, the ACT, 305 and South Australia, 240.

BDO’s Luke Mackintosh says Build-to-Rent has emerged as a core strategy for investors seeking stable, long-term returns, in a market increasingly defined by housing undersupply and evolving lifestyle preferences.

“As the lines blur between traditional commercial and residential investment, the living sector is no longer a side bet – it’s a central pillar of the future real estate landscape,” he says.