As part of the Government’s $30 million Build to Rent election commitment, more long-term housing will soon be provided on the NSW South Coast, with land secured by Landcom to kick-start the project.
This pilot project will mean 50 new homes, 20 per cent of which will be affordable rental housing.
Build to Rent housing is an important part of creating more homes as it provides housing diversity, increased rental security, and supports construction jobs.
Build to Rent is a residential development where all the apartments are leased out, not sold or rented out for investment.
Through this project, Landcom is facilitating the development of purpose-built rental housing to be held in single ownership and professionally managed.
Located at the southern end of Bomaderry town centre, the site at the intersection of Bolong Road and Beinda Street is close to Bomaderry train station, Nowra TAFE, local parks, and road networks including the recently upgraded Princes Highway.
Work will now commence to complete the design and planning stages in preparation of a development application. Subject to approvals, construction is expected to begin in 2025 with residents to move in 2026.
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