Property Australia

Build to rent booms at Smith Collective

PROPERTY AUSTRALIA September 1, 2020

Home to 6,000 athletes during the Gold Coast Commonwealth Games, the Smith Collective is reinventing the rental experience as its 13th build-to-rent building is released following strong demand.

UBS Asset Management, Grocon and JLL became Australia’s first build-to-rent apartment operator when they launched the Smith Collective in October 2018.

The consortia has converted the $550 million Parklands development into 1251 apartments and townhouses that offer community, amenity, lifestyle and long lease options.

Lettings are proving popular with 12 buildings already tenanted, prompting the release of the Smith Collective’s thirteenth building – the seven-storey Smith 12.020920 - Project of the Week - Smith Collective 1

Matt Taplin, Smith Collective general manager, says demand in the rental market remains strong across the Gold Coast.

“Despite the uncertain environment, our occupancy numbers remain strong and continue to grow. The recent enquiry levels and rental demand has resulted in the release of our next building, providing additional one and two-bedroom apartments to keep up with tenant needs,” Taplin says.

The move supports Smith Collective’s phased release approach.

“Resident numbers continue to rise this year with over 1700 people, along with their fur babies, proudly calling Smith Collective home,” Taplin adds.

Smith 12 is at the heart of the former Games village. All 84 apartments feature views across the pools or lush green landscaping.

Residents enjoy access four private pools and gyms, BBQ areas, secure underground parking, an onsite retail precinct, onsite security, seven acres of green space and free community events, such as weekly yoga classes.

Apartment rents are competitively priced for the central Southport location with one-bedroom apartments starting from $380 per week and two-bedroom apartments starting from $420 per week.

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The Smith Collective is located near Griffith University’s Gold Coast campus, Gold Coast University Hospital, Gold Coast Private Hospital and the Southport CBD.

Taplin says Smith Collective’s residents have been drawn to the quality of its residences, and the lifestyle and location benefits.

“Everything you need is right outside your front door,” Taplin says.

“The community is thriving with residents that really care about their fellow ‘Smiths’ and this was evident during COVID with random acts of kindness and everyone doing their bit to keep our neighbourhood safe and healthy.”

The name Smith Collective was chosen as a nod to the nearby Smith Street Motorway. And Smith, being the most common surname in Australia, emphasises that the community is for everyone.