Australia: A proposal for 500 build-to-rent (BTR) apartments in Sydney’s Regents Park, first proposed in 2023, was given the green light after downsizing its affordable housing component.
The project, to be delivered in four stages, will feature 558 apartments across five buildings. The plan includes 135 one-, 334 two- and 89 three-bedroom apartments. Childcare and retail components are also included in the building plans. The project also plans to include parking for 707 cars and a minimum of 3,000 square metres of open space for urban roads, a plaza and a central courtyard.
The project is estimated to cost $196 million, compared to its $129 million cost estimate in 2023.
The concept will be located at 30-46 Auburn Road, currently home to three warehouse buildings, in a suburb in the Canterbury Bankstown local government area. The proposal applicant is listed as 30 Auburn Road Pty Ltd, a company affiliated with Anthony Crane and Raad Holdings.
The project, which passed after downsizing its affordable housing component, will now designate 15 per cent of its gross floor area (GFA) to affordable housing, down from its original plan of 50 per cent in 2023.
The amendment report for this plan claims the mark down was a result of the introduction of infill affordable housing reforms, allowing a floor space ratio and height bonus for the allocation of at least 10 per cent of the GFA to affordable. According to the NSW Government, the provisions were intended to “encourage private developers to boost affordable housing and deliver more market housing”.
The NSW Department of Planning and Environment claimed the project would be in the public interest, as it provides affordable and accessible housing, as well as publicly available open spaces.
Highlights:
• A proposal for 500 build-to-rent (BTR) apartments in Sydney’s Regents Park, first proposed in 2023, was given the green light after downsizing its affordable housing component
• The concept will be located at 30-46 Auburn Road, currently home to three warehouse buildings
• The NSW Department of Planning and Environment claimed the project would be in the public interest, as it provides affordable and accessible housing, as well as publicly available open spaces
