Turner Build-to-Rent is one step closer

Hundreds of new rental homes in Turner are a step closer with contracts now exchanged on the first dedicated build-to-rent site to be delivered by the private market in Canberra.

The project will provide at least 270 additional rental dwellings on Northbourne Avenue corridor of which at least 40 must be affordable rentals.

The 7,070sqm site in Turner (Block 3 Section 57) was released by the ACT Government in late 2022 with the developer to pursue an innovative build-to-rent model.

This development is set to include a 15 per cent affordable rental component, which means at least 40 properties will be rented to eligible tenants at less than 75 per cent of the market rate.

The ACT Government is pursuing multiple long-term projects to attract private investment to the build-to-rent market, and this is set to deliver more affordable housing for Canberrans.

The ACT Government also continues to support community housing providers to deliver affordable build-to-rent projects as part of its $80 million Affordable Housing Project Fund.