Build-to-rent

Luxury developer Tim Gurner has settled on his next apartment project, this time soaring 61 storeys high in Sydney’s Parramatta.

Greystar’s latest development aims to play a big role in Australia’s largest urban renewal project, Fishermans Bend, housing 1500 residents in the inner city location.

Bigger moves are expected in coming years as the government puts its social and economic plans into practice and property owners are readying for change.

A rental crisis is emerging in Australia and looks set to worsen. Part of the solution, according to a growing chorus in the property industry, is to advance build-to-rent. Build-to-rent has had significant success overseas …

Samma Property Group and impact investment firm Brightlight have partnered to expand Melbourne’s build-to-rent pipeline with four new projects valued at $750m.

Property developers are stepping up the push for new city towers nationally in the expectation that office staff will return and apartment living will also surge as people are drawn back to city centres in coming years.

US build-to-rent specialist Greystar has swooped on a major site in Melbourne that can accommodate more than 700 units, with the acquisition signalling the sector will keep firing even as developers struggle to sell apartments.