PHOTO: The Gold Coast Commonwealth Games Athletes Village as it stands today. Photo: Supplied

A year on from the Gold Coast Commonwealth Games, the athletes’ village has been transformed into the first housing development of its kind in Australia.

The largest urban renewal project on the Gold Coast, Smith Collective, offers 2500 apartments and townhouses which are only available to rent, with leases ranging from six months to two years.

While popular in the US and Europe, build-to-rent models have yet to enter the Australian market, where owning and investing traditionally dominate the market.