Construction has officially commenced on a major new mixed-tenure housing project supported by Housing Australia funding provided under its Housing Australia Future Fund Facility (HAFFF) program.
On completion the asset will be owned by AustralianSuper and HESTA, with Commonwealth Bank of Australia joining Housing Australia in providing debt finance to the project and Housing Choices Australia appointed to work alongside Assemble in managing the homes. The project is being developed by local developer Samma Property Group, with Hacer appointed as the head contractor.
Located within walking distance of the Austin Hospital and Heidelberg medical precinct, the large build-to-rent development will deliver 435 professionally managed rental homes across four buildings, alongside new green spaces and community infrastructure. The award of HAFFF funding announced in September 2024 made it possible to materially increase the number of affordable homes to 327 affordable homes.
“119 Bell Street, Ivanhoe demonstrates Assemble’s unique partnering approach which enables industry partners to work alongside Government, institutional investors and community housing providers to deliver housing at scale” said Carolyn Viney, CEO of Assemble.
“Housing Choices Australia is proud of its unique partnership with Assemble, AustralianSuper, HESTA and Housing Australia, which will deliver hundreds of secure, affordable homes in well-connected locations, providing stability and opportunity for families who need it most. Projects like 119 Bell Street, Ivanhoe demonstrate what’s possible when government, investors and community housing providers work together to deliver housing at scale and create lasting benefits for the community.” said Michael Lennon, Interim CEO of Housing Choices Australia.
119 Bell Street, Ivanhoe is one of the many housing assets Assemble intends to deliver as part of its strategy to deliver 17,000 homes — including social and affordable homes delivered in partnership with Housing Choices Australia and other community housing providers —by 2034.
Construction commenced in February 2026 and is expected to be completed in April 2028.
