Build-to-rent housing and logistics estates are proving the most viable real estate ventures for Melbourne-based Salta Properties, owned by the Rich Lister Tarascio family, which is going slow on build-to-sell projects until market conditions improve.

On those two fronts, Salta – it is led by Sam Tarascio, whose Rich Lister father bears the same name – is forging ahead, completing a pilot build-to-rent project in inner-city North Fitzroy and now preparing to launch its first major facility, a 474-unit, $500 million development in Richmond.