On their acquired land, Resimax Group’s plan is to progressively make land lots available for public purchase in 2025 and beyond, with 500 of the 10,000 lots held as designated build-torent stock across various projects. Their goal is to construct and lease the built-to-rent rental homes to tenants by 2027, following the roll-out of stock in their current build-to-rent portfolio. Resimax Group intends to move fast, Ozzie emphasises, and he believes they can. Partly because of the efficiency inherent to the company’s full-service offering, and partly because 10,000 of the new land lots are in Precinct Structure Plans (PSPs). Some of those PSP lots already have readily available infrastructure, allowing the company to fast-track the delivery of affordable housing stock, subject to approvals. “Resimax Group has set its sights on delivering a high volume of affordable family homes in relatively quick succession, at a time when housing supply is facing record lows,” he says. Many of these new land purchases were made from 2020 to 2022, during the heights of the pandemic. Despite the challenges of that time, Resimax Group remained bold and committed to their tagline. “We struck the majority of our funding deals during the pandemic, remaining optimistic during a time when the market was fearful and uncertain of the future,” Ozzie says. “As a business, we are constantly looking for new opportunities, and that didn’t slow down after the effects of 2020. Remaining entrepreneurial allowed us to structure the acquisition deals to benefit the business in the long term.” “This strategy will allow Resimax Group to deliver a critical volume of housing in northern and western growth corridors of the state, where land parcels are still affordable and migration is booming.” According to recent data from the National Housing Supply and Affordability Council, Australia is projected to miss its 2029 housing target by 160,000 homes. Once again, Ozzie says that Resimax Group’s goal is to do what they can to help mitigate that crisis, but he believes the THE CONSTRUCTION SOURCE AUSTRALIA
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