Cushman & Wakefield: Japanese investors drive APAC living-sector rental housing investment

Cushman & Wakefield analysis flagged rising Japanese allocations to APAC rental housing, positioning the Living sector for structurally driven growth.

Australia was identified as a key target, supported by population growth, urbanization, persistent housing undersupply, and income stability.

Japanese capital into Australian real estate exceeded USD 3 billion in 2025, totaling more than USD 7 billion over three years.

About 30% of Japanese investment in Australia was estimated to have gone into build-to-rent assets.

Capital is expected to broaden beyond build-to-rent into adjacent Living segments as policy evolves and supply constraints persist across APAC.