Quote:
Originally Posted by whatnext
The FBT absolutely does not prevent foreign players from investing in the multifamily market. They're more than welcome to build a rental apartment building with no extra taxes, just the same that apply to local builders.
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That wont happen anytime soon as there is no incentive to own purpose built rental. There is only a handful in the the market now. With many of the purpose built rental being built on spec. and hoping that they have a REIT buy them out before they turn into an operating rental project. Reform is needed to the tenants act to change this. To many dead beats in the system makes the foreign investors prefer to put there eggs in the Strata market. And the smaller investors are buying blocks of units to operate as rentals or what ever.
Strata has been the prefered method of housing for about 35 plus years everyone wins but the government had to go put in half ass policies that have back fired as rental rates have not changed and finding a place to live is worse now than it was a few years ago