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Housing affordability is a challenge faced by many people in Australia and New Zealand, particularly younger people and those on lower-incomes.

Assemble, a residential developer, has created the Assemble Model – a new ‘build-to-rent’ hybrid model that bridges the gap between renting and owning your home. It offers residents the security and stability of a five-year lease with the opportunity (but not the obligation) to purchase their home at the end of the lease. The purchase price is fixed from the start of the lease, giving residents a set goal to save towards and mitigating the risk of being priced out of the market during the rental period. It also protects against rental insecurity, with the rent set at a market rate and agreed up front, enabling residents to have the ability to plan-ahead while they save and settle into the local community.

 

According to Kris Daff, Managing Director, Assemble and MAKE Ventures, “the model aims to address the fundamental desire for the majority of Australians to own their own home – and is a direct response to multi-level government policies on housing affordability.”

ANZ is financing the development and has worked with Assemble to refine their model providing advice on funding options, valuation methodology and risk management. Our Retail business has assisted Assemble to understand consumer purchasing profiles, retail mortgage lending parameters and appropriate strategies to support potential purchasers to save for their deposit prior to the end of the lease.

“We now have over 2,500 aspiring homebuyers interested in participating in Assemble’s home ownership pathway and, with ANZ’s support, we have a pipeline of future projects to cater for this growing customer base” said Kris.

Kris Daff, Managing Director, Assemble and MAKE Ventures

Caryn Kakas, Senior Manager, Group Strategy, ANZ
Kris Daff, Managing Director, Assemble and MAKE Ventures

The model aims to address the fundamental desire for the majority of Australians to own their own home – and is a direct response to multi-level government policies on housing affordability.

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