The site is located close to the light rail and the city centre.
26 July 2024
The ACT Government has sold its first dedicated Build-to-Rent site.
Contracts have been exchanged for the sale of the site in Turner with Cedar Pacific. At least 270 dwellings will occupy the site in Canberra's Northbourne Avenue corridor. At least 40 of these homes must be affordable rentals.
The site is Block 3 Section 57 and is 7,068m2. It is close to public transport, shops and services.
The ACT Government released the site in October 2022 with the developer to pursue an innovative build-to-rent model. This includes 270 dwellings, of which 15 per cent must be affordable homes.
The initiative means there will be more homes for Canberrans, and more affordable homes for those that need them. It will give tenants longer term security.
The release of this land is among a range of measures to improve the number, choice and affordability of homes in Canberra. These measures will meet the needs of our growing population, which is on track to reach half-a-million people by 2027.
The ACT Government is also supporting community housing providers to deliver Build-to-Rent projects with an affordable rental component as part of its $80 million Affordable Housing Project Fund.
Build-to-Rent is part of the ACT Housing Strategy 2018-2028.
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