Partnering with industry to deliver affordable rental housing to more Queenslanders
Build-to-Rent is large-scale residential property specifically designed for rent which is built, owned and managed by institutional investors and developers. Returns come from long-term rental income, rather than up-front sales or capital growth, driving an increased focus on tenant experience and satisfaction. Build-to-Rent targets the growing ‘renter market’ seeking secure long-term rentals with increased amenity.
In Australia there is growing interest in large scale Build-to-Rent projects that incorporate both affordable and market rentals.
The Queensland Government is looking to partner with developers, investors and/or consortia to facilitate Build-to-Rent developments in Queensland.
This Pilot Project will provide a targeted rental subsidy to a successful proponent to deliver affordable and market rental housing within a Build-to-Rent development in Brisbane.
It is expected that the Pilot Project will initially target delivery of developments on privately owned land at the cost and risk of the successful proponent. The Queensland Government will provide a subsidy to secure a component of affordable housing within the development.
Registration of Interest closed on 23 January 2019. We are currently considering the responses and will call for Expressions of Interest (EOI) once the review is complete.