The Australian Institute of Architects describes build-to-rent developments as being typically owned by institutional investors while providing tenants with the flexibility of renting and the security of home ownership.
“You can take advantage of long-term leasing options where you can truly settle into the local neighbourhood. Mirvac urges home seekers to “forget the Hills Hoist, the whipper snipper and the 30-year plus mortgage”, saying “the new Australian Dream is more flexible and connected than ever before and makes more room for the important things”.
She said it was an important growth area for the business, along with industrial property, where rent collection rates were 100 per cent during the half year compared with just 84 per cent for its retail properties. “While cities will evolve as a result of the pandemic, they remain more important than ever,” Ms Lloyd-Hurwitz said.
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