Podcast | Intelligent Investment

Identifying the investment opportunities in Australia’s build-to-rent sector

30 Minute Listen

The image shows the interior common space in a Mirvac building.

In Australia’s 2023 May budget, the government announced 1.5 million in net migration for the country over five years to help revive a stalling economy. CBRE’s May budget analysis highlighted this particular figure as a huge number of people to accommodate.  

It’s this expert evaluation which leads perfectly into this week’s Talking Property episode, which explores in detail Australia’s build-to-rent (BTR) sector - blocks of apartments that are specifically built to be leased rather than sold to individual owners. As an emerging asset class, BTR has been attracting significant interest from both local and offshore investors as well as garnering plenty of industry attention as one part of a bigger solution to alleviating the country’s housing and rental crisis.  

With 30,000 apartments operating or in the pipeline across the country, there's big potential with forecasts the BTR sector could grow to as many as 150,000 apartments within 10 years. 

To understand the diversity of benefits, challenges and future market outlook for BTR in Australia, CBRE’s Pacific Communications Director, Kathryn House, talks exclusively to Mirvac’s Fund Manager and BTR Sector Lead, Angela Buckley, alongside CBRE Pacific’s Head of Living Sectors Capital Markets business, Andrew Purdon. 

If you have any questions from this episode or property topics that you’d like CBRE to answer in future episodes, please email us at: [email protected]


Angela Buckley

General Manager, Build to Rent BTR (Multi-Family), Mirvac

Angela leads Mirvac’s Build to Rent BTR (Multi-Family) function, generating strategic direction and responsible for continuing growth of the business towards a medium-term target of 5,000 apartments. She oversees the Australian Build to Rent Club (ABTRC) and future third party capital relationships for Mirvac in this sector, being accountable for the financial performance of each project.

Andrew Purdon 

Pacific Regional Director, Living Sectors - Capital Markets, CBRE

Andrew is responsible for driving CBRE’s Capital Markets offering in the fast-growing build-to-rent (BTR), purpose-built student accommodation (PBSA) and co-living sectors, he draws on his experience in previous roles as a senior leader of CBRE’s UK Residential Capital Markets business based in London.

Richard’s connections with CBRE’s broader business provides insights beyond direct project management in the areas of capital markets, office occupier and investor, valuations, property and facility management, residential projects, building depreciation and cost consultancy. 

Kathryn House

Pacific Communications Director, CBRE

Kathryn joined CBRE in 2007 following a 15-year career in property journalism working for some of Australia's leading newspapers, including the Australian Financial Review and the Sydney Morning Herald. She works closely with CBRE’s CEO and senior executive team to promote the company’s brand, platform and corporate values.

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