Cushman & Wakefield says Japanese capital boosts Australia build-to-rent, with USD 3 billion invested in 2025

• Cushman & Wakefield flagged rising Japanese allocations to APAC rental housing, citing structural shortages and resilient rental demand.
• Australia emerged as a key target, supported by population growth, urbanization, and persistent undersupply across major cities.
• Japanese capital into Australian real estate exceeded USD 3 billion in 2025; more than USD 7 billion over three years.
• About 30% of that three-year investment went into build-to-rent, accelerating institutional expansion in Australia’s rental market.
• Capital is widening beyond build-to-rent into adjacent Living segments, including co-living, student housing, and affordable housing.

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