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.
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Build-to-Rent Surge Spurs Private Developer Interest in Perth Transit Hubs
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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 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.
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