We are excited to be growing available housing options in Canberra through the innovative Build-to-Rent model.
Bringing Build-to-Rent to Canberra
Build-to-Rent increases the supply of rental housing with multi-unit dwellings that are rented out rather than being sold.
These are often owned long-term by a single owner and designed with high-quality common spaces and homes plus extra services for residents.
By bringing Build-to-Rent to Canberra, we're looking to:
- increase the number of private rental properties in the ACT, particularly for the more affordable end of the rental market
- increase choice and housing diversity for renters, with homes that are specifically designed to meet renters' needs
- offer opportunities for tenants to establish themselves as part of a community and personalise their homes.
More information on incentives to provide rental housing and potential tax benefits for different titling models is available here.
We are excited to be growing available housing options in Canberra through the innovative Build-to-Rent model.
Build-to-Rent releases
Pilot release in Turner
In the 2022-23 financial year, SLA released Block 3 Section 57 in Turner as a site to launch Build-to-Rent with a minimum affordable rental component. This site has been chosen due to its size and proximity to the light rail and the CBD.
Upcoming Releases
Sites in the Gungahlin and Molonglo town centres are expected to be released in coming years for Build-to-Rent developments with an affordable rental component.
Market Sounding
In November 2021, the SLA undertook a market sounding process to seek feedback about bringing Build-to-Rent to Canberra. See the following report and video on what we heard:
Our vision for Build-to-Rent is part of our larger Housing Strategic Action Plan, which aims to increase the number of affordable living options across Canberra.
