Mirvac tweak Newstead Build-to-Rent tower to be more renter friendly

Mirvac have sought to make the project more renter friendly, lodging a minor amendment with Brisbane City Council to add more resident amenities.

Mirvac tweak Newstead Build-to-Rent tower to be more renter friendly
Mirvac's Shore Precinct towers. Image: Supplied

Mirvac has tweaked its plans for its Build-to-Rent tower in its Brisbane, Newstead project.

They've sought to make the project more renter friendly, lodging a minor amendment with Brisbane City Council to add more resident amenities.

Mirvac say in the plans submitted to the council that the Build-to-Rent designs are different to the more traditional Build-to-Sell design.

Mirvac's Build-to-Rent general manager, Angela Buckley, said they have learnt from their flagship community, LIV Indigo in Sydney Olympic Park, and further refined their renter-centric approach in the design.

“Build-to-Rent reimagines the rental experience by putting the focus on people, with improved customer service, greater certainty and security and an extensive range of onsite amenities, and the proposed design is in-line with this philosophy,” Ms Buckley  said.

“We have adjusted internal apartment layouts, sizes and mix to appeal to the key renter demographic and more than trebled the onsite amenity to provide generous spaces for connection, health and wellbeing and coworking, along with new initiatives such as a car share fleet and electric share bikes.

They will now seek to have 395 apartments in the development, a mix of studios, one and two dual key apartments across the 23 and 25 level buildings, as well as 3,000 sqm of residential amenities and 1,000 sqm of retail space.

Key worker affordable housing will be available for 25 per cent of apartments, which will be indistinguishable and transferrable to any apartment if the applicant meets the State’s eligibility requirements.   

The proposal will target sustainability benchmarks of 5 Star Green Star and average 7.5 Star NatHERS.

The amendment sees general plan modification on level one to accommodate Build-to-Rent requirements for onsite staff.

There will be further amenities for residents, including an outdoor fitness area, co-worker space and meeting rooms, a cinema, children's playroom and playground, a games room, a yoga studio and a pet park and dog wash. The extra amenities will be as well as the already approved swimming pool and gym, barbecue areas, communal gardens and communal dining spaces.

The proposed project, located at 60 Skyring Terrace in Waterfront Newstead, is set to be one of the first Build-to-Rent projects in Brisbane and is part of a growing trend toward a ‘third’ housing choice in Australia.

Mirvac was named as one of two proponents in the Queensland Government’s Build-to-Rent Pilot Project in 2020 and will design, deliver, own and manage the new apartments exclusively for renters, under its established Build to Rent model, LIV Mirvac.

Pending approval, Mirvac is anticipating starting construction in late 2021, with the building program expected to take about two and a half years to complete.

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Joel Robinson

Joel Robinson

Joel Robinson is a property journalist based in Sydney. Joel has been writing about the residential real estate market for the last five years, specializing in market trends and the economics and finance behind buying and selling real estate.

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Mirvac Queensland Newstead

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