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The 73-apartment development is an important step in our Assemble Futures Built-to-rent-to-own (BTRTO) strategy.
Initially developed with the support of ANZ, Assemble Futures offers an innovative pathway to home ownership, with residents able to rent the apartments for up to five years with the option to purchase the property at the end of the lease period. Residents are offered financial coaching and budgeting support to enable them to plan and save to better position them to achieve home ownership.
“Assemble Futures allows residents to experience rental stability, while offering a crucial alternative pathway to home ownership.”
– Kris Daff, Managing Director at Assemble
Our community at 38 Albermarle St. is the first in a series that deliver on our mission – home for change – that we hope will provide fair housing options and help overcome some barriers to first home ownership.
With Assemble Futures, we are focused on providing high quality rental accommodation in desirable and connected locations, while also supporting residents to ultimately purchase their homes should they wish.
With their rents and purchase price agreed upon their sign-up, Assemble Futures residents can save and budget for their first home with certainty, without having to worry about volatile market fluctuations and being priced out of the market.
“Knowing that we have certainty over our living circumstances is a huge relief after twenty years of living in rental properties. Good design, environmental sustainability, and a strong sense of place and community are important to me and my partner. It’s exciting to be living in a community of people that come from all walks of life but share our values.”
– Felicity, 38 Albermarle St. Kensington resident
Designed by local architects Fieldwork, 38 Albemarle St. has a mixture of one-, two-, and three-bedroom apartments. The project was created with innovative passive design elements, including an open internal breezeway, and communal spaces across the building, to provide residents with an extension of their apartments.
38 Albermarle St includes several key amenities and features, which will be a hallmark of all future Assemble projects. These include: