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Structural undersupply, not a cyclical dip

Shortage estimates range from roughly 1.2 million to 10 million homes; widely cited 2026 work puts the cumulative figure near four million. Australia carries an estimated 200,000 to 300,000 dwelling gap of its own.

Deliveries are forecast to drop a further 36% in 2026, to their lowest level since 2014. Australian completions are running about 27% below the National Housing Accord target.

A record low. In the United States, renting now costs less than buying a starter home in 49 of the 50 largest metros, and roughly 22.7 million renter households are cost-burdened.

A refinancing wall that surfaces motivated sellers. Construction input costs, up more than 43% since 2020, keep competing supply off the market and support entry at or below replacement cost.

Four metros across two countries, each chosen for employment depth, migration and a supply pipeline that is thinning rather than growing.

How we work

Acumen and agility

Otso derives from the Finnish for bear and the Basque for wolf. Like the bear we stand resilient through market cycles; like the wolf we move with agility and precision when an opportunity appears.

Skin in the game

Our managers co-invest alongside clients. If clients do well, Otso does well; if clients lose, our managers lose directly. That alignment is deliberate.

Clients first

We avoid conflicts of interest with client funds and obtain external third-party oversight whenever we invest client money.

Integrity

External administrators and legal partners scrutinise our work. We are upfront about how we view a portfolio characteristics, and we aim to under-promise and over-deliver.