The rezoning of a Newcastle suburb has cleared the way for 3200 homes to be built on government land.
The Broadmeadow precinct covers 313ha of land at Broadmeadow and Hamilton North, according to a place strategy adopted this year.
The strategy called it a “rare composition” of underutilised government-owned land and large industrial estates but also with existing sport and entertainment offerings including the Newcastle Entertainment Centre, the McDonald Jones Stadium and the Newcastle Showgrounds.
The rezoning of the first four government-owned sites within the Broadmeadow precinct marks the beginning of “the most significant urban renewal project” to be undertaken in Greater Newcastle, the NSW Government said.
The state has finalised new planning controls to allow the first tranche of homes, of which 5 to 10 per cent will be allocated as affordable.
The place strategy in total establishes a framework for 20,000 homes, and the creation of a town centre near Broadmeadow station,
It also covers the relocation of the Newcastle Entertainment Centre to a new multi-purpose arena next to the McDonald Jones Stadium.
The Hunter Central Coast Development Corporation (HCCDC) has been assigned as the co-ordination agency to support the transformation of the Broadmeadow precinct.
HCCDC will prepare an infrastructure delivery plan for the rezoned land in collaboration with the City of Newcastle, which supports the development of 15-minute neighbourhoods in the precinct.
Further south in the state, community housing provider City West Housing has opened its latest fully affordable project at Waterloo in Sydney’s inner south.
Rents at the 74-unit, five-storey project, which includes 36 social and 38 affordable homes, will be capped at 30 per cent of household income.
It is City West’s first all-electric project within Green Square’s Dank Street south precinct.
Dubbed Boronia Apartments, it will be developed and managed by the community housing provider. The development, designed by Turner Architects, will be built by GrowthBuilt.
It is one of several City West projects around Green Square, including its Acacia and Bangalay projects, totalling 600 homes in the area.
The project has been funded with a “collaborative funding model” of equity, debt, local government affordable housing developer contributions.
It has also received a capital grant from the NSW Government under the Community Housing Innovation Fund, and assistance through the Australian Government’s Housing Australia’s Future Fund Facility (HAFFF).
Boronia Apartments has all rents based on household income capped at a maximum of 30 per cent, City West said, a “significant reduction” compared to local market rents.
