Perth’s Build-to-Rent Expert

Kingston Development Group are leaders in build-to-rent developments with an international portfolio of luxury build-to-rent apartments in Los Angeles, San Francisco and Seattle. CEO Justine Roberts has delivered a total of 2200 apartments from concept to completion, right through to operation.

We have a thorough understanding of the build-to-rent model including the specific requirements around:

  • Feasibility

  • Funding and Finance

  • Unique Design

  • Operational & Asset Management

  • Unit Plan Design and Mix

  • Resident Demographic Profiles

  • Branding & Marketing Strategies and Execution

  • Place-making and the Creation of a Desirable Community

Our knowledge of every aspect of this development typology is second to none. The United States have perfected this typology over the last 20 years, and Justine was lucky enough to work with arguably the best build-to-rent developers in America. We bring this international knowledge to Perth just in time for the build-to-rent model to gain traction in Australia. 

Our build-to-rent project management spans:

  • Masterplanning

  • Approvals

  • Design

  • Construction

  • Branding and Marketing

  • Operations

  • Finance

  • Sales and Asset Management

 

The Build-to-Rent Model

Build-to-rent or multifamily apartments account for up to 25% of the $2 trillion (US) in property investments. Investors are placing these developments as their first investment priority because of their profitability power.

Rather than selling off each apartment to individual buyers, build-to-rent apartments are managed by one business and rented out on longer leases. They are well-located and offer better services to renters, such as custom features, fantastic amenities and more freedom in their space.

 

Build-to-Rent Apartments in the Perth Property Market

Build-to-rent apartments are a fairly new concept in Australia, especially in the Perth property market, but local investors are catching on.

The Australian Institute of Health and Welfare (AIHW) report shows a shift towards renting in Australia. Owning a home is out of reach for many Australians, and renting now offers many benefits, such as financial stability, career flexibility and less commitment.

As rental prices have gone down, apartment living is more affordable for young professionals and down-sizers. The build-to-rent model is appealing to millennials who want stability without sacrificing their lifestyle. 

 

Benefits of Build-to-Rent Development for Investors and Residents

  • Offers long-term and comparatively stable investment returns

  • Meets recent changes in housing culture, opening up a new market segment

  • Elevates a “renter” to a “resident”, delivering resort-style amenities, services and a customer-focussed community whereby a resident is valued and treated with respect

  • Residents are free to paint a wall, hang a picture and their pets are welcomed. No more overbearing landlords.

Build-to-rent projects have a real opportunity to attract a new kind of renter, as well as investment capital in the Perth property market. Developers have already taken up this opportunity with a build-to-rent apartment development in Subiaco, paving the way for more to come.

 

Be ahead of the curve. Plan your project with Kingston Development Group. Get in touch.