Perceptions of Young Adults on the Critical Success Factors of the Build-to-Rent Housing Model in Sydney, Australia

Abidoye, RB; Ge, J; Ahiadu, AA; Adilieme, CM; Swanzy-Impraim, S

Perceptions of Young Adults on the Critical Success Factors of the Build-to-Rent Housing Model in Sydney, Australia

Abidoye, RB Ge, J Ahiadu, AA Adilieme, CM Swanzy-Impraim, S

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Publisher:: MDPI AG
Publication Type:: Journal Article
Citation:: Buildings, 13, (8), pp. 1892-1892

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Field	Value	Language
dc.contributor.author	Abidoye, RB
dc.contributor.author	Ge, J
dc.contributor.author	Ahiadu, AA
dc.contributor.author	Adilieme, CM
dc.contributor.author	Swanzy-Impraim, S https://orcid.org/0000-0002-7709-7889
dc.date.accessioned	2023-07-27T06:44:35Z
dc.date.available	2023-07-27T06:44:35Z
dc.identifier.citation	Buildings, 13, (8), pp. 1892-1892
dc.identifier.issn	2075-5309
dc.identifier.uri	http://hdl.handle.net/10453/171668
dc.description.abstract	<jats:p>Amid Australia’s surging house prices, rental housing has become the safety net for young adults experiencing housing stress. The attention of policymakers is drawn towards the build-to-rent (BTR) housing model, a growing housing option for many young Australian adults. Although BTR’s integration into Australia’s housing and planning landscape is unfolding, the perception of young adults is lacking in policy reforms for this growing industry. This study examines the perspectives of young adults aged 18 to 34 years on the critical success factors (CSFs) of the BTR housing provision in Australia. The responses are analysed using an explanatory factor analysis, relative importance index, and ANOVA. Our findings show a critically low awareness of BTR among young adults in Australia. Respondents, between 18 and 24 years, are most concerned with public awareness, an indication of their desire for transparency and engagement in decision making at the policy level. Young adults rank regulation and government policy interventions as the most important CSF of BTR housing. This shows that they are more concerned about the affordability of BTR houses. This study concludes that young adults’ viewpoints on BTR are important in ongoing policy reforms. There is a need to ensure that this asset class is accessible and affordable to this target group.</jats:p>
dc.language	en
dc.publisher	MDPI AG
dc.relation.ispartof	Buildings
dc.relation.isbasedon	10.3390/buildings13081892
dc.rights	info:eu-repo/semantics/openAccess
dc.subject	1201 Architecture, 1202 Building, 1203 Design Practice and Management
dc.subject.classification	3301 Architecture
dc.subject.classification	3302 Building
dc.subject.classification	4005 Civil engineering
dc.title	Perceptions of Young Adults on the Critical Success Factors of the Build-to-Rent Housing Model in Sydney, Australia
dc.type	Journal Article
utslib.citation.volume	13
utslib.for	1201 Architecture
utslib.for	1202 Building
utslib.for	1203 Design Practice and Management
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Design, Architecture and Building
utslib.copyright.status	open_access	*
dc.date.updated	2023-07-27T06:44:30Z
pubs.issue	8
pubs.publication-status	Published online
pubs.volume	13
utslib.citation.issue	8

Abstract:

Amid Australia’s surging house prices, rental housing has become the safety net for young adults experiencing housing stress. The attention of policymakers is drawn towards the build-to-rent (BTR) housing model, a growing housing option for many young Australian adults. Although BTR’s integration into Australia’s housing and planning landscape is unfolding, the perception of young adults is lacking in policy reforms for this growing industry. This study examines the perspectives of young adults aged 18 to 34 years on the critical success factors (CSFs) of the BTR housing provision in Australia. The responses are analysed using an explanatory factor analysis, relative importance index, and ANOVA. Our findings show a critically low awareness of BTR among young adults in Australia. Respondents, between 18 and 24 years, are most concerned with public awareness, an indication of their desire for transparency and engagement in decision making at the policy level. Young adults rank regulation and government policy interventions as the most important CSF of BTR housing. This shows that they are more concerned about the affordability of BTR houses. This study concludes that young adults’ viewpoints on BTR are important in ongoing policy reforms. There is a need to ensure that this asset class is accessible and affordable to this target group.

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http://hdl.handle.net/10453/171668