We are set to expand our Build to Rent portfolio with our parent company Make Ventures (MAKE) acquiring the current Preston Toyota site for $40 million from McMillan Property Group. Situated on 1.6ha, the landholding comprises 687-717 High St, 19 Regent St and 58-60 William St, Preston. It will be transformed into a significant mixed-use
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We’re excited to announce that we have secured planning approval of our 199-apartment Build to Rent to Own development, 15 Thompson St, Kensington with construction firm Hacer awarded the contract to deliver the project. Australia’s largest superannuation fund, AustralianSuper, will invest in the project that provides a pathway to home ownership for moderate-income buyers. AustralianSuper
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We are excited to have secured the rezoning of two key residential and mixed-use sites in Clayton and East Bentleigh valued at $1.2 billion.
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As the property market continues to climb, the ability for people living on moderate to low incomes to achieve homeownership becomes increasingly out of reach, especially for older single women, single parents and key workers. According to the Australian Human Rights Commission, older women—those aged 55 and over— are the fastest-growing cohort of homeless Australians,
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2020 was touted as the most unpredictable year on record and the aftermath of the pandemic-ridden year has delivered yet again. With a recession initially expected and many anticipating an easing of the property prices, home buyers have been met with an unexpected turn of events with house prices surging past pre-COVID conditions.
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We are proud to announce our partnership with national not-for-profit housing provider, Housing Choices Australia, to manage community housing across our future projects.
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Image: Some of our residents at 393 Macaulay Rd, Kensington. Over 2020, we’ve undertaken a process of defining a new path for ourselves. In partnership with Studio Round, our refreshed brand and campaign – Homes for change – supports our new agenda. Each day we challenge and inspire our team to interrogate assumptions, and the diversity of skills and
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Make Ventures, Assemble’s parent company has acquired a third site in Kensington. This purchase demonstrates our commitment to transforming the inner-city suburb. Located at 402 Macaulay Rd, Kensington, the 7,415sqm former confectionary site will be developed by Assemble as a Build to Rent community, the first for the suburb. Assemble will deliver over 400 affordable
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As a nation, we are facing unprecedented societal and economic challenges, amplified by the COVID-19 pandemic. The potential likelihood of historically significant levels of unemployment and low wage growth across all sectors, coupled with an overwhelming deficit, has spurred uncertainty across the property market.
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The Victorian government’s budget stimulus announced in November provides significant support for affordable and social housing and illustrates how build to rent can play an important role in addressing the current deficit. We believe every Australian deserves access to an affordable, well-designed home and with over 100,000 people on the public housing waiting list alone, the government’s support is a step in the right direction.
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Strengthening our position as innovators in mixed-income housing, we have formed a Board of Directors, with Angela Emslie appointed as Independent Chairperson. Five prominent Australian business leaders with diverse experience spanning property, superannuation, responsible investment, banking, finance, aged care and not-for-profits have been appointed.
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Australia’s largest superannuation fund has taken a 25 per cent share in the company and will have the opportunity to invest in Assemble Communities’ pipeline of projects. This investment will enable us to grow our innovative ‘rent with the option to buy’ property portfolio, known as the Assemble Model, which addresses housing affordability and access to homeownership. Over time, the investment will support us to deliver build to rent assets.
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