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022			_a1466-1810
100			_9335 _aBerry, Mike
245			_aInvestment in rental housing in Australia : _bsmall landlords and institutional investors
260			_bHousing Studies, _c2000.
300			_a22 pages
500			_aKEYWORDS: Property investment, landlords, private rental sector
520			_aThe private rental sector has always been an important part of the Australian housing system. Although declining in relation to home ownership in the two decades after the Second World War, private renting has never fallen below 20 per cent of the total housing stock, a share that it has maintained over the past 40 years. Small, scale petty landlordism has characterised this market sector, with a majority of rental stock owned by individuals. This paper summaries the specific characteristics of rental ownership in Australia, drawing on a recent national survey of landlords carried out by the Australian Bureau of Statistics and identifies the key factors responsible for the persistence of this pattern of ownership. The reasons for the absence of institutional investors from this sector are then discussed, based on selective interviews with key players in the banking, insurance and superannuation industries. Current changes in market and policy environments are identified which may, however, increase the likelihood of institutional involvement in the provision of rental housing, in general, and social housing, in particular. The analysis is informed by the results of financial modelling carried out at the Australian Housing and Urban Research Institute.
524			_aTo cite this article: Mike Berry (2000) Investment in Rental Housing in Australia: Small Landlords and Institutional Investors, Housing Studies, 15:5, 661-681, DOI: 10.1080/02673030050134547
650		0	_9502 _aInvestment & Financialisaton _zAustralia
856			_uhttps://www.tandfonline.com/doi/abs/10.1080/02673030050134547 _yView item on publishers website
942			_2ddc _cA
999			_c378 _d378