Australia’s build-to-rent market could soon be moving into its next phase of growth as completed assets are transacted, but one project is finding it hard to capture an audience. 

The 332-apartment mixed-use project Union Quarter, in the Melbourne suburb of Spotswood, is back on the market for at least the fourth time in about three years. 

Union Quarter, at 31-69 McLister Street at Spotswood, was believed to be the first large-scale completed build-to-rent asset to be offered to the market in Australia in 2023.