Faith on build-to-rent to solve Australia’s housing crisis, and other stories

For PropertyGuru’s news roundup, American build-to-rent pioneer Bob Faith believes Australia is poised for a burst of growth in the sector as the population rises and a new breed of renter demands better apartments. In other headlines, the Secretary-General of the CityNet, the largest association of urban stakeholders committed to sustainable development in the Asia Pacific region, says the right planning is important amid the challenges posed by climate change. Lastly, Indians can evaluate the different types of home loans available to them and assess which one best suits their needs.

Greystar founder believes build-to-rent can help solve Australia’s housing crisis

Build-to-rent pioneer Bob Faith believes Australia is poised for a burst of growth in the sector as the population rises and a new breed of renter demands better apartments.

According to realcommercial.com.au, the US industry legend, who founded the Greystar operation just over three decades ago and built it into a colossus spanning rental housing, logistics, and life sciences real estate, is bullish about the growth of the living sector globally.

Here in Australia, Greystar’s focus is on making long-awaited strides in the build-to-rent market, with the opening of its first facility in Melbourne coming amid a stepping up of the rollout of its national pipeline along the east coast. At the same time, the company flagged that it would enter student accommodation locally and keep up its expansion in logistics property.

In Melbourne, Greystar just officially opened its doors to residents at its first build-to-rent project, The Gladstone. It is one of the country’s largest so far, with an AUD500 million facility in South Melbourne including 700 rental units.

Urban group exec presses for ‘right planning’ amid climate change

Right planning is important amid the challenges posed by climate change, according to Vijay Jagannathan Secretary-General of the CityNet Secretariat, on 18th November. CityNet is the largest association of urban stakeholders committed to sustainable development in the Asia Pacific region.

Jagannathan, in a media conference on the sidelines of the opening ceremony of the CityNet 44th Executive Committee meeting hosted by Iloilo City, said their organization has been promoting sustainable development in all their member cities, but now they are facing challenges.

“So the big change which is happening now is that all our city leaders are beginning to realise that climate change is for real, and they are all also becoming very aware that they have to do proper planning,” he said, as cited in a PNA report.

Having Iloilo City as a host for the gathering is very important since it has done its planning ahead of the others, he said. “I remember when typhoon Haiyan hit this part of the Visayas, you were not affected that much because you had done the right planning. That has to, and that is what we are trying to press,” he added.

What are the different types of home loans in India?

Owning a house is everyone’s dream. One of the most sought-after ways to raise finances for a property purchase is the use of home loans. This is because not everyone is comfortable to invest all their life savings in a real estate asset. Industry experts also do not recommend putting all your life savings aside and instead advise to use home loans instead.

Home loans are of different types based on whether people want to purchase new property or renovate the existing one. The banks and non-banking financial companies (NBFCs) offer a range of home loans that home buyers/ owners can make use of in their real estate journey. Housing.com’s guide details the different types of home loans available in India, of which a person can evaluate what best suits his needs and avail it.

The Property Report editors wrote this article. For more information, email: [email protected].