In Australia’s rental model dominated almost entirely by mum and dad investors, Liv Indigo is putting power back in the hands of renters
John McCallister, a 63 year old nurse, has been a renter all his life. He’s loved the flexibility of renting – “it’s given me an ability to move around, live in different cultures” – but with retirement looming, he’s worried. “Twice in my renting I’ve been displaced and evicted at short notice. At short notice, you’re suddenly looking for somewhere else to live. There’s anxiety around that … and expense,” he says.
On 1 September, that anxiety will ease. McCallister will move into a home where he can hammer nails where he wants, paint the walls, adopt a pet and be free from the spectre of a quick eviction. But McCallister will not own the one bedroom apartment. He is one of the first five tenants to sign a lease at Liv Indigo, a build-to-rent apartment complex in Sydney’s Olympic Park, owned and managed by property development titan Mirvac.
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