Tuesday 3rd August 2021
Assemble is a valued, innovative StarRez customer based in Australia and have a combined experience spanning across property, construction, finance, investment, architecture, urban design, asset operations, community engagement, marketing communications and advocacy. Presenting from Assemble were Emma Telfer, Director, Culture & Strategy and Dan Moore, Director, Operations.
They outlined the scale of the problem in Victoria, Australia.
Whilst based in Australia, the model Assemble are working to could look to resolve the challenges faced by this sector globally. They are running a pilot scheme for a build to rent to own model and hope to use the learnings to further expand beyond the 6 current locations and 900 dwellings. Through research, they found that there is a range of residents that would suit this model from first time buyers to older generations (55+) looking to secure their financial future through to retirement.
Residents would sign up prior to construction (off plan purchase) and pay a small deposit e.g. 1 months bond. The term they are agreeing to is 7 years which includes 2 years build, move in and pre agreed rental for 5 years. The purchase price at the end of this term would also be agreed so the resident knows what they need to save for at the end of the term.
During this time, Assemble help by running events designed to help residents prepare for their mortgage, learning about credit history and managing their finances ready for when they come to the end of the 7 year term. Understandably, circumstances will change so at the end residents can take the option to purchase at the agreed price and stay, sell on the market or hold as an asset and rent out.
Assemble’s approach to community engagement and building is critical in building resilient and stable communities. From research conducted, they discovered that communities will stay in place 2.5 times longer if they hold genuine connections with their neighbours.
If you wish to know more about what Assemble are doing to rebuild resilient communities, make sure you watch the webinar:
Emma is Director, Culture & Strategy at Assemble, a private housing development business focussed on social and affordable housing. Emma leads all community engagement, CSR and impact, and brand and cultural initiatives across the business. A passionate urbanist and cultural leader, Emma is deeply interested in the role urban design and architecture plays in positively shaping our cities and in socially responsible housing development.
As Director, Operations, Dan Moore is charged with overseeing the general management of operations across our Assemble properties. With previous experience working for universities, not-for-profit organisations and commercial operations within the property sector, Dan Moore’s background covers a broad knowledge base within operations. His 17-year experience covers more than 7,000 beds across 14 projects which he brings to his role at Assemble. Dan has extensive experience within the purpose-built student accommodation and Build to Rent industries both in the UK and Australia. Most significantly, Dan mobilised eight projects from design through to turn-key, which includes Australia’s first Build To Rent project in the Commonwealth Games Village on the Gold Coast.