Spotlight on: Waterloo South Precinct
Homes NSW (incorporating the Land and Housing Corporation (LAHC)).
Enabling infrastructure to unlock more than 3,000 new homes in inner Sydney.
Housing Australia has approved $90 million in Housing Australia Critical Infrastructure funding, under the LAHC umbrella facility - comprising a $72 million concessional loan and an $18 million grant - to support the delivery of 3,104 new homes within the Waterloo South precinct.
The renewal forms part of LAHC's transformation of the 19-hectare Waterloo Estate, replacing ageing stock with modern, accessible homes in a high amenity inner Sydney location. Development partner Stockland will deliver 1,032 social, 640 affordable and 1,432 market dwellings.
Fifty-four per cent of new homes will be social and affordable housing. Social housing allocations will prioritise tenants relocating from the existing estate and applicants on the NSW Housing Register. Affordable housing will support low-to-moderate-income households and young working couples, with 15 per cent reserved for Aboriginal households to ensure equitable, culturally informed access.
Housing Australia's investment complements NSW Government land and grants contributions and leverages private capital from Stockland. The infrastructure package covering utilities, electrical works, demolition, remediation and transport - will expand servicing capacity from 750 existing dwellings to more than 3,000, strengthening project viability and accelerating future stages of the precinct's renewal.
This investment also provides approximately $22 million in value through the grant and interest savings, equivalent to 30-35 additional social dwellings, further enhancing the overall social and affordable housing mix.