The Future of Renting
Build to Rent (BTR) is a unique property concept that has seen much success overseas yet is still relatively new in Australia. Designed to remove the downsides of renting, this model combines the security of home ownership with the convenience of renting.
Essentially, the BTR model sees Yolk Property Group developing residential communities in desirable locations while retaining ownership as the landlord.
‘In the US there is a trend of renters-by-choice of all ages, income levels, and locations. Even baby boomers are preferring to rent in walkable, high-energy, culturally evolved communities.’
Hummingbird Communities is the combination of Yolk Property Group’s extensive property development experience and the confidence of one of Australia’s largest residential property management companies. Put simply, Hummingbird Communities develops attractive lifestyle for renters and long-term rental income stability for investors.
‘From an investor and developer point of view BTR provides faster lease-ups, generating cash flow far sooner than conventional build, finish, and sell timelines.’
The advantages of Build to Rent for renters are many. Unlike in a typical rental, they’re able to customise their living space, choose a secure long-term lease and enjoy a highly professional and streamlined level of rental management. To a resident, Build to Rent agreements feel more like home ownership than a restrictive rental contract. Residents can paint walls, hang pictures, and enjoy well maintained amenities within their complex all while living it up in great locations close to jobs, entertainment, education and transport.
‘From a resident’s point of view, BTR creates better communities in better location with improved amenities and exceptional, property management customer service'
The Benefits of Build to Rent (BTR)
Larger scale developments mean more affordable apartments can be built in better locations.
Long Term Stability
Rather than adding amenities for sales and marketing appeal, shared facilities can be included in the building’s design to bring lifestyle benefits for renters and rental income stability for investors.
Improved Landlord Relationships
BTR improves the landlord and tenant relationship. Residents are confident knowing their landlord is invested in their property for the long-term.
Developers of Tomorrow
With ’Tomorrow Thinking’ at its core, Yolk Property Group is leading the way in the Australian property market. The Group’s design-led, innovative thinking has won multiple industry awards and received international recognition for delivering global-leading projects.
Be it a global leading solar battery apartment development, a Liveable Street initiative looking to tackle loneliness in communities, or WA’s first mass timber-framed office high rise, we’re always looking to deliver the best social and commercial outcomes for the life of the property, our partners, and the residents within.