Salta Properties, owned by the Rich Lister Tarascio family, is surging into the build-to-rent sector, with ambitions to create a $3 billion platform and with its first project in inner-city Melbourne close to completion.

For Salta, led by Sam Tarascio – his Rich Lister father bears the same name – the move into long-hold, rental housing at scale is no “knee-jerk reaction” to the sector’s growing popularity. It is the fruition of work begun by the developer at least five years ago when it began accumulating suitable sites.