Already popular overseas, the build-to-rent concept is taking hold in Australia, with a flood of projects in development and under construction. Major projects are under way in Melbourne, Sydney, Brisbane and Canberra.
Corporate landlords come with their pluses and minuses for renters. In Berlin, the big corporates became dominant and hiked rents up to unreasonable levels, forcing a union-like response from residents:
I believe the ownership changed on some units, but the market is still highly supply-constrained, and there are still reports of abusive or price predatory activities by corporate and other landlords. Ergo, the original problem remains, just in a different form.
Corporate landlords come with their pluses and minuses for renters. In Berlin, the big corporates became dominant and hiked rents up to unreasonable levels, forcing a union-like response from residents:
https://www.vice.com/en/article/bvzqaz/the-inside-story-of-how-berlin-took-on-corporate-landlords-and-won
And there is still a shortage of flats to rent in Berlin (actually much worse than Melbourne/Sydney)… go figure.
This is where we need good and strong regulation, especially when it relates to something as essential as where people live.
Did anything actually happen as a result of that?
I believe the ownership changed on some units, but the market is still highly supply-constrained, and there are still reports of abusive or price predatory activities by corporate and other landlords. Ergo, the original problem remains, just in a different form.
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