Mirvac has opened its first Melbourne Build To Rent site, LIV Munro, located near the Queen Victoria Markets in Melbourne’s CBD.
The $355 million building contains 490 apartments over 39 storeys, as well as amenities similar to those found in traditional retirement villages such as a wellness centre, cinema, and swimming pool; apartments range from studios through to one, two, or three bedrooms.
The opening of LIV Munro follows the success of LIV Indigo in Sydney’s Olympic Park, another BTR community which reached 98% occupancy in just 20 months – of which a healthy proportion were aged 50 and up, a sign of BTR’s challenge to the retirement village sector.
Mirvac has two other LIV BTR locations planned for Melbourne and one for Brisbane; when all are complete, its BTR portfolio will comprise 2,173 apartments in total.
