Fresh Insights

24 Apr 2024

Boost for Melbourne housing market as Aware Real Estate commences construction on over 720 new BtR dwellings

Melbourne – 23 April 2024 –Aware Real Estate will add more than 700 homes to Melbourne’s housing market across two major new developments in the inner and northern suburbs, adding to the city’s supply of rental accommodation at a time of soaring demand and critical need.

Together with our partners Aware Super and Barings, we have launched large-scale housing developments at Queens Road, in Melbourne’s inner south, and Preston in the city’s north, marking a significant expansion to its role as one of the largest build-to-rent (BTR) developers in Australia.

With a construction value of $320 million, the two projects will provide 726 dwellings, lifting the number of homes in Aware Real Estate’s Melbourne portfolio to more than 930 across four sites. Aware Real Estate is owned by industry superannuation fund Aware Super – an expert investor in global residential property and one of the first major developers of BTR housing in Australia.

Read the full article here.

 

Aware Real Estate acknowledges Aboriginal and Torres Strait Islander people as the Traditional Owners of the lands and waters of Australia where we build. Our company, team and partners offer respect to Elders past, present and emerging.