Fifty new ‘build to rent’ units are underway in East Lismore, say the NSW government.
In a statement, they say, ‘These homes will help to ease housing pressure in the region which has been grappling with increasing rental stress for years, further exacerbated by major floods’.
‘While around half of Lismore is made up of single or two person households there is currently a lack of smaller home options available to suit their needs.
‘This development will help adjust that mismatch, boosting housing diversity, by delivering a range of apartments from studios up to three bedrooms to suit different renters needs.
‘This is the first of its kind housing project for the Northern Rivers, demonstrating a new way of delivering rental housing in the area.
‘The new homes will be conveniently located close to shops, services, schools, Southern Cross University, open space and other community infrastructure.
‘Importantly twenty-per-cent of the homes will be dedicated to affordable housing for those on low and moderate household incomes, such as the essential workers who keep our cities and towns moving.
‘The project is being delivered by the NSW Government’s property and land developer, Landcom, who has appointed regionally-based construction company FK Gardner & Sons as Head Contractor to lead the construction.
‘Construction is expected to be completed in late 2026, pending weather conditions
‘The government will retain ownership of the build to rent property once complete.
‘Build to rent is purpose-built housing designed for rent, rather than sale. It is designed and built specifically for long-term renters to provide secure housing, typically in the form of apartments.
‘The Minns Labor Government has delivering 400 build-to-rent homes for essential workers in Sydney and construction is progressing on 60 new build to rent homes on the NSW South Coast’.
For more information about Lismore visit: https://landcom.com.au/eastlismore
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