The New South Wales (NSW) state government in Australia has confirmed contracts with a consortium to manage the Waterloo South housing renewal project.
The consortium, comprising Stockland, a property developer; City West Housing, an affordable housing provider; and Link Wentworth and Birribee Housing, both community housing providers, will oversee the design, delivery, and operation of the renewal project.
Go deeper with GlobalData
This project is set to deliver more than 3,000 new homes in Sydney’s inner city, with half dedicated to social and affordable housing.
The renewal, located on Gadigal land, will provide over 1,000 new social homes and 600 affordable homes, with an emphasis on cultural inclusion and support for those of Indigenous descent.
Birribee Housing will ensure a significant portion of these homes is dedicated to these residents.
The project will include amenities such as a two-hectare urban park and new community and retail spaces along George Street.
With contracts now in place, the project moves to the next phase, including site investigations and obtaining planning approvals.
Current residents will be offered new homes within this area, and Homes NSW will support smooth transitions. The right to return post-renewal is guaranteed for all residents.
NSW Minister for Housing and Homelessness Rose Jackson said: “Signing these contracts marks a historic moment for Waterloo and for social housing in Australia. We are not just replacing old homes, we’re creating a thriving, inclusive, and well-connected community that honours the rich history of the area.
“With more than 1,600 social and affordable homes, a new two-hectare park, and a commitment to Aboriginal and Torres Strait Islander housing and cultural inclusion, we are setting a new benchmark for large-scale social housing renewal.
“Every tenant will be supported through this process, and every resident has the right to return to a brand-new home once the project is complete.”
The Waterloo South renewal is part of the NSW Government’s A$6.6bn ($4.08bn) Building Homes for NSW programme, which aims to deliver 8,400 new public housing dwellings, 21,000 new affordable and private homes, and upgrades to 30,000 existing social housing properties in the state.
The NSW Government has also recently approved a new housing development in central Wollongong.
