Oxford Properties Group and Investa have officially opened Indi Southbank in Melbourne, marking a major milestone as their first Build to Rent (BTR) residence in the city.
Located in the Boyd Village Precinct at 132 Kavanagh Street, Southbank, the development underscores Melbourne’s position as Australia’s fastest-growing BTR market.
The tower features 434 apartments with options ranging from studios to two bedrooms, including about 10 per cent designated as affordable housing, all complemented by premium amenities and communal spaces designed for vibrant community living.
The development includes a new green space, Boyd Park, at the tower’s base, offering amenities such as a playground, barbecue and picnic facilities, as well as community and event areas, all accessible to residents.
The building’s amenities span three levels and encompass a gym, yoga deck, pool, sauna, co-working spaces, sky lounge, private dining and event rooms, along with pet-friendly facilities like a dog wash and pet run area.
Additionally, the City of Melbourne will manage a new 900-square-metre Southbank Library located on the upper ground and Level 1 podium, scheduled to open in mid-2026.
The ribbon-cutting ceremony was attended by prominent figures, including Mr. Josh Burns MP, the Lord Mayor Nick Reece, Peter Menegazzo, CEO of Investa, Alec Harper, Head of Australia at Oxford, and Vince Giuliano, Founder and Managing Director at PDG.
During the event, speeches highlighted the project’s importance for Melbourne’s BTR landscape and its capacity to cater to the city’s burgeoning population, particularly its predominantly professional residents.
Peter Menegazzo of Investa expressed excitement about the opening, emphasising Indi’s mission to elevate the rental experience: “Indi’s goal is to elevate the rental experience in Australia so that it is built around the individual. Residents aren’t just looking for a place to live – they’re seeking a lifestyle: personalised apartments, hotel-style amenities, and the support of a dedicated on-site resident services team. Indi delivers all of that, and more.”
Similarly, Alec Harper from Oxford highlighted the platform’s scale: “Indi Southbank delivers high-quality rental housing at scale, in direct proximity to where people work, learn and play – aligning brilliantly with Oxford’s strategy across the globe.”
Lord Mayor Nick Reece added: “Melbourne is the capital of BTR development in Australia and Indi Southbank is going to be a great addition to this portfolio, unlocking 434 new apartments to meet the demands of our growing population.”
Following the success of Indi Sydney, launched in November 2024, Indi Southbank continues to reflect the company’s commitment to purpose-built rental housing tailored to local communities.
With over 90 per cent of Southbank residents being urban professionals, the development aims to provide a lifestyle that complements the district’s renowned attractions like the Royal Botanic Gardens, Sidney Myer Music Bowl, and the National Gallery of Victoria.
Investa’s BTR platform currently operates two towers in Southbank and Sydney, with a third under construction in Footscray and further development plans underway for a Studio Living project in Sydney, bringing the total portfolio to approximately 1,600 purpose-built homes.
