The State of the Build-to-Rent Market in Australia (2025 Update)

If it feels like everyone’s talking about Build-to-Rent lately, you’re not imagining it. Across Australia, BTR is quickly becoming one of the most exciting developments in housing - for both renters and developers.

Where It’s Growing

As of 2025, there are over 25,000 BTR apartments completed or in development nationwide.
The biggest activity is happening in:

• Melbourne: Home to landmark projects by Salta, Mirvac, Sentinel, and GQ.
• Brisbane: Growing fast with riverfront communities and lifestyle hubs.
• Sydney: Premium high-rise BTR projects in Parramatta and inner-west precincts.

Even Perth and Adelaide are catching up, driven by younger renters seeking flexibility.

What’s Driving the Boom

• Affordability: Buying a home is increasingly out of reach.
• Population Growth: Expats and interstate professionals are fuelling demand.
• Government Incentives: The federal government’s 2024 BTR tax package includes 15-year ownership rules and 10% affordable housing quotas.
• Lifestyle: Tenants want community, convenience, and security - things BTR nails.

Who’s Leading the Way

Top Australian BTR operators include:

1. Fitzroy & co
2. Home by Mirvac (Melbourne, Brisbane)
3. Greystar Living
4. Sentinel Australia
5. GQ Build-to-Rent
6. Assemble Communities

Each is building sustainable, design-led communities focused on renter experience.

What Renters Can Expect in 2025

1. More pet-friendly policies
2. Flexible lease options
3. Smart-home features (keyless entry, app-based services)
4. Eco-friendly design (solar, EV charging, recycled materials)

The Bottom Line

BTR isn’t just a trend - it’s becoming a cornerstone of the Australian housing market. For renters, that means more choice, higher quality, and better service - finally.