There exist complexities around financing and tax structures for built-to-rent that differ to the build-to-sell models which need to be navigated and potentially negotiated from the industry. If the correct legislation, tax agreements, and planning allowances are reached, this model could fill the need for flexible short term housing and affordable housing. It will be worthwhile to keep your eye on some of Australia’s first set of build-to-rent developments being undertaken as we speak, in particular by Mirvac in Sydney and Melbourne.
Fratelle Group has a strong relationship with architecture firm Rothelowman who are based in the Eastern States, and often bid for projects under a joint venture together. Rothelowman currently have a number of build-to-rent projects under development on the East Coast where this model of development is taking off. Together with this experience we are able to bring knowledge around build-to-rent to the Perth market.