A whopping 3,300 new homes are set to provide low-income Melburnians with an affordable housing solution after a $1.5 billion build to rent (BTR) partnership was agreed.
Aussie BTR developer Assemble has partnered up with not-for-profit housing provider Housing Choices Australia to deliver the landmark community housing project.
The 3,300 BTR houses will be scattered across six development sites across inner and middle-ring Melbourne including Assemble’s key Cairnish Road project in Clayton.
Assemble Managing Director, Kris Daff, says that the announcement has come at an important time with Australia currently experiencing an affordable housing shortfall.
“At a time that has been socially and economically devastating for Victoria, fuelled by uncertainty in housing tenure and barriers to home ownership, our communities need support now more than ever to ensure we do not reach crisis point,” Kris explains.
At least 20 per cent of the dwellings at each new community project will be dedicated to low-income housing which aims to help women experiencing domestic violence, young people living with disabilities and even key workers on low, fixed incomes that provide essential community services.
Housing Choices Australia Managing Director Michael Lennon believes that the emerging Australian build to rent sector offers the ideal solution to the country’s housing shortage and says that overseas examples have had positive impacts
International examples of build to rent offer a wide array of housing choices, enrich city communities, benefit local economies and most importantly, take pressure off the housing system overall.Housing Choices Australia Managing Director – Michael Lennon
The six BTR community housing projects will create 8,000 construction jobs and inject over $1 billion into the Victorian economy.