Perth’s Metronet hubs are fast becoming bankable territory. Backed by state and federal funding, 15 build-to-rent projects are moving through consultation and towards construction, providing a clearer runway for private developers to follow.
The projects, totalling 1365 apartments, are being progressed by DevelopmentWA. On completion they will be sold to community housing providers.
Professor Steven Rowley, director of the Australian Housing and Urban Research Institute’ at Perth’s Curtin University, says that increasing density should make the private sector more confident that there is appropriate infrastructure around most of the projects.
“Many of the areas selected are not traditionally associated with density, which adds risk to private sector development for developers and lenders,” he tells The Urban Developer.
TUD+ Member Only Content
Want to read more?
Sign in to your TUD+ Account or join 50,000 property professionals who stay up to date with our newsletters and market trends with Australia's most trusted property journalists.
TOP STORIES
Build-to-Rent Surge Spurs Private Developer Interest in Perth Transit Hubs
Melbourne BtR Projects Grapple with Rental Reality Check
‘Capital Follows Confidence’: ID_Corp Backs SA with Debut Land Deal
Frustration Grows as Water Woes Stymie 15,000-Home Scheme
