The NSW government will provide a $5 million boost to deliver an additional 10 dwellings for the South Coast Build to Rent project, helping to increase housing supply and deliver more rental housing.
NSW Minister for Planning and Public Spaces Paul Scully said: “We’re working on building as many houses and units as possible to alleviate housing shortages and make renting an option for people in regional NSW.
“The truth is we don’t have enough well-located, well-designed or well-built homes for people in NSW, which is why we’re making investments in Build to Rent and getting Landcom on the job.”
The additional $5 million in funding increases the NSW government’s investment in the project to $35 million – delivering a total of 60 dwellings.
As part of Landcom’s design and planning for the Bomaderry site, it became evident additional dwellings could be delivered for a small increase in funding. The additional funding will allow the delivery of new architecturally designed homes for approximately 130 people.
Work is underway to finalise the design and planning in preparation for the lodgement of the development application. Subject to approvals, construction is expected to begin in 2025 with residents to move in 2026.
For more information about the project, visit Landcom.