Build-to-rent apartments in Denman Prospect aim to relieve Canberra’s housing shortage

Abstract

Canberra has had the highest rental prices of all capital cities for almost a year.

Its median rent, including houses and units, is $633 a week, according to data firm CoreLogic’s latest report.

That is significantly higher than Sydney’s ($595) and far above the typical rent in an Australian city ($500).

National Shelter, a housing lobby group, said the ACT market was particularly horrific for poorer renters, as they must compete with much higher-paid Canberrans.

At least one solution may provide a solution for some unveiled in the territory this week was the latest “build-to-rent” project: housing complexes dedicated to renters.