Blackstone, one of the world’s biggest property investors – with around $1.8 trillion under management – allocates one quarter of its real estate portfolio to rental housing globally. But in Australia, it has just two build-to-rent facilities.
The startling contrast between what Blackstone does here and everywhere else has a simple explanation: Australia’s relatively high property tax burden.
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Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts. Connect with Nick on Twitter. Email Nick at nlenaghan@afr.com
