Assemble partners with Housing Choices Australia,
Victoria

Assemble partners with housing choices Australia to deliver mixed-income housing: $1.5 billion of investment into build to rent housing.

Australian build to rent developer, Assemble, announces its partnership with national not-for-profit housing provider, Housing Choices Australia, to manage community housing across its future projects.

A first of its kind for the emerging build to rent asset class, the initial tranche of projects delivered as part of the partnership will provide more than 3,300 dwellings for low- and moderate-income households, facilitating $1.5 billion in long-term institutional capital investment.

Housing Choices Australia will manage and allocate tenants within the low-income housing component of each community, comprising at least 20 per cent of the dwellings delivered. The balance will be delivered by Assemble as affordable rental housing targeted at low- to moderate-income households.

This integrated mixed-income model reflects international best practice, adapted to the local context to achieve social outcomes for tenants and financial outcomes for capital without the need for direct government subsidy.

Assemble Managing Director, Kris Daff said that the timing of this partnership is critical as Australia has an affordable housing shortfall in excess of 1 million dwellings that must be met by 2036.

“We are proud to partner with Housing Choices Australia to deliver much needed long-term mixed-income rental housing.