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Build-to-Rent Market Sounding Now Open

Bringing Build-to-Rent to Canberra

At the Suburban Land Agency, we are hoping to grow the range of available housing options for Canberrans. Our city has a diverse community and we know that we can provide a wider range of choices when it comes to the type of homes we have available.

Build-to-Rent is an emerging asset class in Australia and new to the Canberra market. We know that this type of housing can:

  • establish rental homes which are high quality, great places to live
  • offer longer periods of tenure for renters, providing greater security
  • include affordable rental options
  • offer long-term, steady revenue generation for the owner

What is Build-to-Rent?

Build-to-Rent is an asset class which is typically:

  • owned long-term by a single owner, usually an institutional investor, with the goal of generating steady long-term income
  • designed with high quality common spaces and homes plus extra services for residents, to encourage homes to be rented quickly and occupied for longer, to support income generation

What are we looking for?

Through this market sounding process, we are seeking feedback and interest from industry and the community housing sector to participate in the delivery of Build-to-Rent in Canberra. We have identified a site in Turner for our first Build-to-Rent project, along with a future site in Lawson and a potential pipeline of future projects. However, before we release sites to market we want to ensure the process is as collaborative and successful as possible.

What do we want from you? 

Through this process, we want to:

  • understand the appetite for developing and operating Build-to-Rent properties in Canberra, that meet the ACT Government’s objectives
  • identify what incentives, subsidies or other changes may be required to include an affordable rental component
  • inform future land sales processes that could unlock development, facilitate construction and support local jobs
  • identify opportunities for innovation in the design, construction, management and commercial structure of Build-to-Rent projects

How do I participate?

We’ve identified some key questions for you to answer. It is not mandatory to answer all the questions, but please give as much feedback as you can by completing the below response form and returning to SLABuildtoRent@act.gov.au.

Submissions open on 10 November 2021 and close on 10 December 2021.  

Register to attend the industry briefing at 10am on Thursday 25 November 2021 here.

What's next?

Interested in hearing more about Build-to-Rent releases? Please register your interest by subscribing to the Suburban Land Agency mailing list here.

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