Queensland Build-to-Rent Pilot Project

The Queensland Government is partnering with the construction industry to deliver affordable rental housing through new Build-to-Rent developments.

Build-to-rent fast facts

  • Build-to-Rent developments are usually large-scale residential properties specifically designed, built and managed for long-term ownership and rental.
  • Build-to-Rent developments generate long-term rental income for developers, rather than up-front sales or capital growth, driving an increased focus on residential tenants. The developments target the growing renter market seeking secure, long-term rentals.
  • Build-to-Rent provides an opportunity for government to partner with the private sector to deliver discount-to-market affordable rental homes which can help workers find a home closer to their job.

Build-to-Rent in Queensland

The Queensland Government’s Build-to-Rent Pilot Project will provide affordable and secure housing for more Queenslanders, and drive investment in the construction sector.

A targeted rental subsidy will be provided to deliver affordable and market rental housing within the Build-to-Rent developments in Brisbane. Final developments are expected to provide all residents with a high amenity rental experience, access to transport and employment nodes and premium service delivery.

The Pilot Project initially targeted developments on privately owned land at the cost and risk of the successful proponent, and has now expanded to include an expression of interest on a state-owned site.

The Project is expected to attract different investment and developer markets to typical residential property development and deliver a better long-term rental environment for future tenants and surrounding areas.

Pilot project – approved projects

The Queensland Government has approved two Brisbane-based affordable housing projects by developers:

  • Frasers Property at 210 Brunswick Street Fortitude Valley
  • Mirvac at 60 Skyring Terrace, Newstead.

Combined, these properties will offer almost 750 apartments in total with up to 240 dwellings to be provided at a discounted rent.

Construction is anticipated to commence in 2021 following the finalisation of designs for the projects, with tenants expected to be able to access the housing in late 2023.

Pilot project – current tenders

The Queensland Government has also expanded the Pilot Project with two new tender processes.

State-owned site

Expressions of Interest are being sought from proponents capable of delivering a large-scale Build-to-Rent development with an affordable housing component on the State-owned site of the former Childrens Court, 50 Quay Street. Further information regarding this process is located on the QTender website. Submissions will be accepted until 12pm, 9 April 2021.

Privately-owned site

Expressions of Interest are also being sought from proponents capable of delivering a large-scale Build-to-Rent development with an affordable housing component on a privately-owned inner Brisbane site. Further information regarding this process can be found on the QTender website. Submissions will be accepted until 12pm, 7 May 2021.

More information

For more information on the Queensland Government’s Build-to-Rent Pilot Project, please contact the BTR Project Team at btr@treasury.qld.gov.au

Queensland Build-to-Rent Pilot Project – current tenders

The Queensland Government’s Build-to-Rent Pilot Project is inviting expressions of interest for two tender processes.

Last updated: 11 February 2021