This article is from the Australian Property Journal archive
THE NSW Minns Government is moving forward with the development of a build-to-rent pilot in East Lismore, which will comprise 20% of affordable housing.
Led by Landcom, the $30 million development at the corner of Crawford Road at 138-146 Military Road will deliver 50 apartments, of which 20% will be affordable rental housing for low and moderate household incomes, such as the essential workers.
The site for the homes is not flood prone and the design aims to maximise solar access and cross ventilation for the wellbeing of future tenants. The development will also include private off-street parking, as well as outdoor communal spaces, a mix of subtropical plants and views to bushland in the east.
Minister for Planning and Public Spaces Paul Scully said regional NSW has not been immune from housing pressures.
“The government committed to a build-to-rent pilot at the election and this project in East Lismore will help to boost the supply of much-needed rental stock while providing greater housing security and stable rents.
“The build-to-rent project continues the NSW government’s ongoing efforts to support flood recovery in the Northern Rivers,” he added.
Work is underway to finalise the design with plans to lodge the development application with Lismore City Council in the coming months. Subject to approvals, construction is projected to begin in 2025 with residents expected to move in 2026.
