NAB has released its latest NAB Morning Call podcast episode ‘Weekend Edition: Build to Rent – the way of the future?’ With affordability tight and vacancy rates low, Build to Rent is emerging as part of the housing mix.
As a part of its $60bn affordable housing ambition, NAB is backing customers like Local: Residential by funding projects that help increase housing supply and support better outcomes for renters.
During the episode, host Phil Dobbie speaks to Local co-CEO Matt Berg and NAB Head of Real Estate Bill Halmarick about the future of Build to Rent and what’s next for the housing sector. Together, they explore the burgeoning Build to Rent sector and its potential to alleviate Australia’s housing affordability crisis.
They discuss how this institutional model, that is common in the UK and US, offers tenants greater security through long-term leases and professional management, contrasting it with the traditional ‘mum and dad’ investor market.
The conversation also highlights NAB’s ambitious commitment to provide $6bn in financing for social and affordable housing by 2030, including innovative construction methods like modular housing and partnerships for ‘impact housing’ that integrates diverse income groups within a single community.
