On today’s episode we pick the brains of Adam Hirst, General Manager of Build-To-Rent at Mirvac. Adam is currently overseeing Mirvac’s newest development at Sydney Olympic Park, Indigo Pavilion, Australia’s first mass scale build-to-rent project. Adam discusses the overseas success of build-to-rent also known as ‘multifamily’, the viability of this alternative to generic residential development and how this alternative model will benefit renters.

Here’s what we covered:

• What is build-to-rent/Multifamily?
• Is build-to-rent the future for renters?
• Why are build-to-rent leases longer than standard leases?
• What are the building costs associated?
• What are the benefits of build-to-rent?
• Why are superannuation funds investing in build-to-rent?
• Will there be an under supply of housing in 2021 - 2023?
• Why consumers want sustainability but are not willing to pay for it
• How developers are trying to create a community in their developments
• How capitalisation rates impact build-to-rent
• Why to never buy in areas of over supply

GUEST LINKS:Find out more about Adam Hirst his work in Build-To-Rent.Indigo Pavilion - Sydney Olympic Park MENTIONED EPISODES:Episode 80 | Ed Fernon Episode 62 | Cecille Weldon

HOST LINKS: Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: [email protected] 

Looking for a Mortgage Broker? www.wealthful.com.au Work with Chris: [email protected]

EPISODE TRANSCRIPT: Please note that this has been transcribed by half-human-half-robot, so brace yourself for typos and the odd bit of weirdness…This Episode was recorded on the 28 November, 2019

https://www.theelephantintheroom.com.au/podcasts/104

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