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Phillip and McEvoy Streets to the north and south, and Pitt and Cope Streets to the east and west.

Indicative Land Area

18 Ha

Current Stage

Preferred Masterplan released

Following the NSW Government’s announcement of the new Waterloo Metro Station, the Waterloo social housing estate will be redeveloped with new social housing and more affordable and private housing. The redevelopment also includes the area above and around the new metro station.

The Waterloo Redevelopment Precinct covers land owned by the NSW Government, including the Waterloo social housing estate and the land around and above the new Waterloo metro station, known as the Metro Quarter. It also includes a number of privately owned properties. The map below outlines the boundaries of the Redevelopment Precinct. This is the area that the community is being consulted on in relation to the masterplan. The NSW government has nominated this area as a State Significant Precinct.

Waterloo redevelopment precinct

Site location

Preferred Masterplan for Waterloo

Following extensive community consultation with residents and other stakeholders on three redevelopment options, a preferred Masterplan for the future of the Waterloo Estate has been prepared.

The Waterloo preferred Masterplan will provide new and modern social and affordable housing, mixed with private housing in a well-located community close to the new Waterloo Station and Metro Quarter.

Over the next 15-20 years, the Masterplan will guide the development of about 6,800 new homes with 60% of new buildings being 7 storeys or lower.

Of the total dwellings, 35% will be social and affordable housing and the affordable housing will be owned in perpetuity.

Residents will have better access to shops and services and local employment opportunities. There will be new multi-purpose community facilities providing space for cultural events, community learning, childcare and health services.

There will also be 3 hectares of safe open spaces, including new public parks and landscaped boulevards. The parks will provide residents and visitors with a place to celebrate events and enjoy outdoor activities. George Street will be transformed into a 20-25m wide tree-lined pedestrian boulevard with water features and good lighting, providing a safe and enjoyable walking experience.

Waterloo Preferred Masterplan image

Waterloo Preferred Masterplan brochure

The front cover of the report
The Waterloo Preferred Masterplan brochure highlights the features of the preferred Masterplan. Print copies are available from Waterloo Connect office at 95 Wellington Street, Waterloo (open from 10am-4pm on weekdays).

More information

Visit: Waterloo Connect office at 95 Wellington Street, Waterloo.
Open from Monday to Friday 10am to 4pm


Phone: 1800 738 718


Key facts

  • Long term project
  • The redevelopment of Waterloo is a long term project taking 15 to 20 years.

  • No loss of social housing
  • There will be no loss of social housing. The redevelopment will deliver more and better social housing to the area.

  • Relocation
  • The first residents will not have to relocate until at least 2020. Residents will be given six months' notice before relocation.

  • Affordable housing
  • At least 5% of new residential dwellings will be delivered as affordable housing consistent with Greater Sydney Commission targets.

  • Current residents
  • All current social housing residents have the right to return to the Waterloo estate.

  • Low density areas
  • FACS will start the redevelopment in low density areas.

  • Social housing
  • Enough social housing will be built at the start of the redevelopment for relocated residents to move back into brand new homes on the estate.

  • Redevelopment
  • The redevelopment of Matavi, Turanga, Cook, Banks, Solander and Marton buildings will in the last stage. Residents in these buildings will not need to move for at least 10 years.