The Minns Labor Government has announced that 50 new Build to Rent homes are now rising out of the ground in East Lismore. Construction has progressed rapidly since breaking ground in November. With foundations now laid, the focus has shifted to the main building structures.
The scheme is the first of its kind in the region and is being delivered by the NSW Government’s developer Landcom. Over 20% of the homes will be dedicated to affordable housing for residents on low-to-moderate incomes.
“Landcom is making homes happen for the people of Lismore. As Landcom marks 50 years of delivering housing for NSW, we’re proud to see strong momentum with our projects in the Northern Rivers which will deliver diverse and affordable housing where it’s needed.”
Alex Wendler, CEO, Landcom
The development will boost Lismore’s housing diversity by offering a range of floorplans – from studios to three-bedroom apartments – to suit different lifestyle needs. Residents will be close to shops, schools, Southern Cross University, and local parklands.
Under the Build to Rent model, the NSW Government will retain ownership of the property, to ensure long-term rental security, with the site managed by a specialist operator.
“It is fantastic to see these 50 new homes literally rising out of the ground, delivering beautifully designed, modern apartments in a prime location safely above the flood zone. The Lismore community has shown incredible resilience, but we are building back better by ensuring our residents have access to the affordable, secure, and resilient housing they deserve for the future.”
Janelle Saffin, Minister – the North Coast, Member – Lismore
Weather permitting construction is expected to be complete by late 2026. Planning is also progressing for the adjoining site redevelopment, which will unlock at least 400 additional homes for the Lismore community.
“The availability and affordability of housing is one of the biggest issues facing NSW residents, and Lismore and the wider Northern Rivers region are doing it particularly tough. Projects like this designed specifically for renters help fill a gap in the housing market, opening up a mix of smaller homes suitable for different lifestyles.”
Chris Minns, Premier, New South Wales
The Development Application for Stage One (100 homes) is expected to be lodged with Lismore City Council before the end of March. This broader precinct will feature a variety of housing options, including specific lots designed to accommodate homes relocated through the buyback auction program.
“The Lismore Build to Rent project is a great example of the Minns Labor Government delivering new housing options for Lismore in a way the community has never seen before. Once complete each of these apartments will provide a secure home that is close to shops, services, education and open space.”
Paul Scully, Minister, Planning and Public Spaces
The regional Build to Rent program was funded in the Minns Labor Government’s first budget and is also building 60 new Build to Rent homes on the NSW South Coast. This Regional Build to Rent program builds on the Minns Labor Government’s recent reforms to speed up the delivery of more homes and make housing more secure for regional NSW.
