Australian renters are contending with unprecedented challenges, including severe supply shortages, soaring prices, outdated and substandard property quality, and indecisive landlords exacerbated by volatile interest rate changes.
However, many see the build-to-rent model as a solution to these problems, finally offering a rental experience free from uncertainty.
We’ve spoken with experts at HOME Docklands to understand exactly what renters can expect from purpose-built rental accommodation:
1. Tackling supply shortages and rising prices
Renters struggle with limited availability and increasing costs. PropTrack data reveals that in August, Melbourne rental vacancies were just 1.65%, and rental costs for units rose by 5.8% in September from the previous year.
The build-to-rent model increases the availability of high-quality rental properties for those who rent by choice, helping to alleviate supply shortages and manage rising prices.
Renters are looking for more when it comes to the traditional offering.
2. Offering flexibility and convenience
For a variety of reasons, many need the freedom to relocate easily …