Cushman & Wakefield: Japanese capital drives APAC Living investment, Australia emerges as key growth market
CWK•Australia stands out as a key target
Australia emerged as a key target, supported by population growth, urbanization, and persistent housing undersupply.
Japanese capital into Australian real estate exceeded $3 billion in 2025, totaling more than $7 billion over three years.
Cushman estimates about 30% of that investment went into build-to-rent, reinforcing institutional expansion in rental housing.
Japanese investors are also deploying into Singapore, South Korea, and Hong Kong as Living investment broadens beyond build-to-rent.
Japanese capital is boosting APAC rental housing investment
Cushman & Wakefield flagged rising Japanese allocations to APAC rental housing, citing structural housing shortages and durable rental demand.




