Planning approval has been granted for five major residential projects across Sydney, paving the way for nearly 700 new social and affordable homes under the Housing Australia Future Fund (HAFF).
The joint initiative between the federal and New South Wales governments will almost quadruple the dwelling capacity across the five development sites, with more than 80 per cent of the total yield dedicated to social and affordable housing.
The approved developments span key metropolitan locations:
- Caringbah: 164 social and affordable homes, replacing 38 existing dwellings.
- Belmore: 145 social and affordable homes, replacing 24 existing dwellings.
- Punchbowl: 114 social homes, replacing 26 existing dwellings.
- Hillsdale: 179 social homes, replacing 39 existing dwellings.
- Pagewood: 224 homes, including 84 social and 140 private market homes, replacing 82 existing dwellings.
Demolition on all sites is expected to commence before the end of the year, with construction scheduled to begin in mid-2027. Together, the projects are expected to support approximately 2,000 construction jobs.
Delivered in partnership between Homes NSW and community housing providers (CHPs), BaptistCare will build and manage the Caringbah and Belmore sites, while Link Wentworth will oversee Punchbowl. Developers Traders In Purple and Coplex will deliver Pagewood and Hillsdale respectively, with CHPs to be appointed for ongoing management.
Federal Minister for Housing and Homelessness Clare O’Neil said: “We’re almost quadrupling the number of homes across these sites to help more Sydneysiders who need it and increase housing supply across the board.”
NSW Minister for Housing Rose Jackson said the approvals show what targeted investment can achieve.
“By partnering with the Albanese Labor Government and our Community Housing partners, we’re proving that with political will and real investment, you can actually supercharge housing delivery,” Jackson said.
The projects form part of HAFF Round 2, delivering over 2,500 homes across 14 NSW locations towards a national target of 55,000 social and affordable homes.
