RESIDENTIAL PROPERTY
AUSTRALIA’S largest build-to-rent project is set to go ahead after the Allan Labor government approved AsheMorgan’s 925-apartment project in Melbourne’s Docklands.
The two new residential buildings at 24 Little Docklands Drive, located near Marvel Stadium and the Esplanade and within the Docklands Primary School catchment...
“Victoria is leading the nation when it comes to build-to-rent and dwelling approvals – but we know there’s more work to be done and we’ll continue to pull every lever...
Melbourne is home to around three-quarters of all build-to-rent projects completed in Australia last year and 73% of build-to-rent apartments across Australia...
In Victoria, eligible build-to-rent developments completed and operational from 1 January 2022 until 31 December 2031 receive a 50% land tax concession for up to 30 years and...
At AsheMorgan’s District Living development, residents will have access to a wellness centre with a fitness studio, plunge pool, sauna and steam room, and sky terrace with...
Premier Jacinta Allan said the development supports the Labor government’s Housing Statement, which seeks to deliver 800,000 new homes...
Inner Melbourne build-to-rent continues surge
Approval of the AsheMorgan’s project comes just several weeks after Gurner and Liberman family-backed joint venture partner City Harbour unveiled plans for a...
Also in Docklands, developer Samma Property Group was given the green light earlier this year for a $250 million tower with build-to-rent on the Yarra River...
Last month, construction topped out at Novus and M&G Real Estate’s Novus on Sturt build-to-rent project in Southbank, on the southern edge of the CBD...
In March, the Victorian government approved a $1.7 billion Lendlease and City of Melbourne development next to the Queen Victoria Market that will deliver...
Macquarie-funded build-to-rent platform Local Residential recently closed its inaugural managed venture with a US pension fund, and will deliver two new build-to-rent projects in...