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Developer Resimax is building a portfolio of 500 rental homes in Melbourne’s suburban fringe. It’s a new offering and brings perks – such as getting the grass cut.
Dwindling supply and rising demand from buyers priced out of the house market could lift unit values faster in the near to medium term, CoreLogic says.
The impending rental crisis from Australia’s dire shortage of new housing will force state governments to reduce hurdles to build-to-rent projects, a new report says.
Australia is ‘on the verge of a rental crisis’, as vacancy rates reach the lowest point on record across major capital cities.
The country’s pipeline of new apartments shrank further in the September quarter, laying the ground for a severe housing shortage as borders reopen.