New South Wales developer Landcom has completed the topping out of its first-of-its-kind build-to-rent development in East Lismore, marking a major milestone for affordable, long-term housing in the state.
The project will deliver 50 new flood-resilient apartments to a region hit hard by extreme weather events in recent years. Major structural construction works are scheduled for completion by late 2026, with final touches expected to wrap up in early 2027.
The development offers a diverse mix of studio, one, two, and three-bedroom apartments built safely above flood level, situated near local shops, schools, Southern Cross University, and parklands.
Notably, 20 per cent of the homes will be set aside as affordable rental housing for residents on low-to-moderate incomes.
Landcom will retain long-term ownership of the properties and expects to appoint a dedicated building operator by the end of the year.
The site sits adjacent to additional land managed by the NSW Reconstruction Authority, where Landcom plans to deliver more than 500 further homes.
Minister for Recovery, Minister for the North Coast and Member for Lismore Janelle Saffin welcomed the progress for a region still recovering from devastating natural disasters.
“Long-term security remain critical challenges for Lismore as we continue our rebuild,” Saffin said.
“Reaching this milestone brings 50 beautifully designed, flood free apartments another step closer for our community.
“By offering a mix of studio to three-bedroom units built safely above the flood zone, this project delivers the diverse housing options local single and small-household renters urgently need.”
Minister for Planning and Public Spaces Paul Scully said the project is part of the state government’s push to deliver innovative housing models in regional communities, while Landcom CEO Alexander Wendler noted the build expands housing choice through connected, resilient design.
