{"id":1567,"date":"2018-07-06T00:37:34","date_gmt":"2018-07-06T00:37:34","guid":{"rendered":"https:\/\/www.careerone.com.au\/career-advice\/?p=1567"},"modified":"2018-07-06T00:42:07","modified_gmt":"2018-07-06T00:42:07","slug":"is-renting-for-life-an-option-youve-ever-considered","status":"publish","type":"post","link":"https:\/\/www.careerone.com.au\/career-advice\/news\/is-renting-for-life-an-option-youve-ever-considered","title":{"rendered":"Is \u2018renting for life\u2019 an option you\u2019ve ever considered?"},"content":{"rendered":"

Just because you\u2019re young, educated and upwardly mobile doesn\u2019t necessarily mean you share the great Australian dream of one day owning your own home. At least that\u2019s what a new wave of build-to-rent (BTR) developers destined to hit Australia\u2019s residential rental market are banking on.<\/span><\/span><\/p>\n

Popular in the UK and the US, the build-to-rent model is based on developers renting out their own <\/span>apartments rather than on-selling to multiple buyers. The build-to-rent concept is brand new to Australians, <\/span>but with home affordability now outside the reach of many, there appears to be a ready-made market waiting to soak up demand. <\/span><\/span><\/p>\n

Then there are those who simply aren\u2019t attracted to buying their own home, regardless of whether they can afford it or not.<\/span><\/span><\/p>\n

If the overseas build-to-rent model is anything to go by, local developers will be offering you a whole bunch of inducements to stay a lot longer in one of their apartments, like concierge, swimming pool, gym and other amenities. While most mum and dad landlords typically offer a standard one, and if you\u2019re lucky two year lease, the build-to-rent brigade might be willing to lock you in for potentially up to ten years or even more.<\/span><\/span><\/p>\n

A handful of local developers are already in varying stages of bringing build-to-rent projects to market. Some of these are in highly sought after CBD locations, like <\/span><\/span>Grocon\u2019s Southbank development at Docklands <\/span>where tenants have employment and lifestyle options right at their doorstep. Salta Properties also has a build-to-rent development at nearby Latrobe Street and is in the throes of planning another one at Richmond. <\/span><\/span><\/p>\n

More build-to-rent projects will progressively come to market across Australia over the next ten years. This will give Next-gens, yet to hit the workforce (and others) the best of both worlds: The security of longer rental terms, typically associated with home ownership, greater choice of otherwise unaffordable locations, and potentially more amenities in return for their loyalty.<\/span><\/span><\/p>\n

\u00a0<\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Just because you\u2019re young, educated and upwardly mobile<\/p>\n","protected":false},"author":1,"featured_media":1568,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1,41],"tags":[],"class_list":["post-1567","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-work-life-balance"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.careerone.com.au\/career-advice\/wp-json\/wp\/v2\/posts\/1567","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.careerone.com.au\/career-advice\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.careerone.com.au\/career-advice\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.careerone.com.au\/career-advice\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.careerone.com.au\/career-advice\/wp-json\/wp\/v2\/comments?post=1567"}],"version-history":[{"count":3,"href":"https:\/\/www.careerone.com.au\/career-advice\/wp-json\/wp\/v2\/posts\/1567\/revisions"}],"predecessor-version":[{"id":1571,"href":"https:\/\/www.careerone.com.au\/career-advice\/wp-json\/wp\/v2\/posts\/1567\/revisions\/1571"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.careerone.com.au\/career-advice\/wp-json\/wp\/v2\/media\/1568"}],"wp:attachment":[{"href":"https:\/\/www.careerone.com.au\/career-advice\/wp-json\/wp\/v2\/media?parent=1567"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.careerone.com.au\/career-advice\/wp-json\/wp\/v2\/categories?post=1567"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.careerone.com.au\/career-advice\/wp-json\/wp\/v2\/tags?post=1567"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}