Build-to-rent

Developers are stepping up efforts to build apartment towers for a new generation of renters. But more needs to be done to clear the way for projects.

The famed building company is turning funds manager as it searches for the next leg of growth amid tough times for traditional offices and malls.

The big institutions are now setting the pace as residential projects aimed at boosting supply to solve the housing crisis take centre stage.

Australia’s rental market is being shaken up by a new group of landlords who are building entire apartment communities from the ground up and offering major perks like bond-free leases, long-term tenure and lush amenities. …

In what’s billed as a first for Australia, Resimax Group is keeping 500 lots across its estates in outer Melbourne dedicated to build-to-rent detached housing.

The modernist building was once an office landmark and could now be turned into housing.

The move will see a proposed office tower dumped to make way for a mixed use building dominated by units.

The built-to-rent sector is seeing signs of consolidation as big platforms are in play.

Australia’s mum and debt investors will be crucial in any solution to the nation’s home rental crisis as governments and developers chase ways of breaking the supply logjam.