Communities Plus to pilot new housing delivery model
On 6 July 2018, the NSW Minister for Social Housing, the Hon. Pru Goward MP, announced an innovative strategy for Communities Plus, with the introduction of a Build-to-Rent model to be used for 600 Elizabeth St, Redfern to deliver more social, affordable and private housing.
Under Build-to-Rent, proponents enter a long term lease and collect rental income for the duration in return for building and managing the dwellings on the site. The NSW Government retains ownership of all land and dwellings, which will be returned to the NSW community after the lease expires.
The site is well situated for future residents; with easy access to the new Waterloo metro and Redfern train station, local employment, education and support services, as well as retail outlets.
The site opposite Redfern Oval, has been nominated as a State Significant Precinct. The site is currently vacant of housing with a PCYC facility on the corner of Elizabeth and Phillip Streets. The NSW Government is working with the PCYC to include a new facility in the redevelopment.
The start of the Expression of Interest for the NSW Government’s first mixed tenure build-to-rent project in inner Sydney, located at 600 Elizabeth Street, Redfern was released on 31 July, 2018.
The EOI closed on 16 October, with nine consortia now competing to be selected to proceed to the Request for Proposal (RFP) stage to deliver the project in Redfern.
Call: 1800 436 635