Construction has progressed rapidly on fifty build-to-rent homes in Lismore since breaking ground last November, says the NSW Labor Government.
In a media release, Labor say the focus has shifted to the main building structures after foundations were laid.
‘The project is the first of its kind in the region and is being delivered by the NSW Government’s developer, Landcom. Importantly, more than 20 percent of the homes will be dedicated to affordable housing for residents on low-to-moderate incomes’, it reads.
‘The development will boost Lismore’s housing diversity by offering a range of floorplans – from studios to three-bedroom apartments – to suit different lifestyle needs. Residents will be close to shops, schools, Southern Cross University, and local parklands.
‘Under the build-to-rent model, the NSW Government will retain ownership of the property, to ensure long-term rental security, with the site managed by a specialist operator.
‘Weather permitting construction is expected to be complete by late 2026. Planning is also progressing for the adjoining site redevelopment, which will unlock at least 400 additional homes for the Lismore community.
‘The Development Application for Stage 1 (100 homes) is expected to be lodged with Lismore City Council before the end of March 2026. This broader precinct will feature a variety of housing options, including specific lots designed to accommodate homes relocated through the buyback auction program.
‘The regional Build-to-rent program was funded in the Minns Labor Government’s first budget and is also building 60 new build-to-rent homes on the NSW South Coast.
‘This Regional Build-to-Rent program builds on the Minns Labor Government’s recent reforms to speed up the delivery of more homes and make housing more secure for regional NSW, including:
- The Pre-sale Finance Guarantee to get housing construction underway faster.
- The development of the NSW Pattern Book and accelerated planning pathway for those who use the pre-approved patterns.
- A $6.6 billion investment in social and affordable housing in NSW.
- Once in a generation reforms to the State’s planning legislation.
- Greater protections for renters including a cap on rent rises, banning no-grounds evictions and a crackdown on real estate agents.
‘This is all part of the Minns Government’s plan to build a better NSW with more homes and services, so people have somewhere to live and in the communities they choose’.
For more information about Lismore please visit: https://landcom.com.au/eastlismore
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