What does a build-to-rent scheme actually look like? And would it help renters find cheaper, stable homes?
Carly Hulls had a newborn baby when she moved out of a rental property because of mould. Key points: Build to rent are properties owned by a single person, developer or corporation The sector is established in the US and UK but is relatively new in Australia Build to rent properties can be found in Brisbane, Perth and Sydney, and more than 50 per cent of the sector is in Melbourne "We just had no sense of security," Hulls says. "For anyone who's stressed about renting, I would strongly suggest the build-to-rent option," Hulls says. Build-to-rent targets the luxury market President of the Real Estate Institute of Australia Hayden Groves said that the housing model as it currently stands in Australia, is generally targeted at higher income earners. "You're not going to see build-to-rent provide large amounts of affordable or social housing available to ordinary Australians."
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