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Sydney set to steal the build-to-rent spotlight

Sydney has overtaken Brisbane and is poised to attract more build-to-rent investment as developers look for alternatives to the more advanced Melbourne market.

Artist impression of the The Raleigh, a $350m,15-storey double tower, premium apartment project.
Construction on a 348 studio apartment build-to-rent complex in Windsor, near the Melbourne CBD, is expected to be completed in the first half of 2026. (Image source: Goldfields Group - artist impression)

While Melbourne remains the heartland of the build-to-rent (BTR) landscape in Australia, investors looking to diversity are set to shine a spotlight on Sydney’s development potential in 2025.

The latest Knight Frank Build to Rent Update, released Tuesday (28 January), revealed that the BTR development pipeline is most advanced in Melbourne followed by Sydney and Brisbane.

New South Wales has 3,584 completed or under construction and 11,505 in t…

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