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Lismore Set for Construction Surge as $46 Million in Developments Approved in March
Lismore Poised for Construction Boom with $46 Million in Development Approvals in March
Lismore is entering a period of rapid construction growth, with more than $46 million worth of Development Applications (DAs) approved in March alone, propelling the total value of developments for the 2023–24 financial year toward an expected $100 million milestone—a figure typically achieved only in a strong full year.
Mayor Steve Krieg Lismore City described the March approvals as a “phenomenal sign of business confidence” in the city’s future, noting that the 34 DAs approved included not only significant local projects but also new developments driven by external investors who recognise Lismore’s growth potential.
Among the notable March approvals were:
- A $8.5 million office development in the CBD
- A $2.7 million community facility
- Two large-scale residential projects by the Arch Diocese
- Stage 2 of Eastwood Estate, a $10 million development comprising 176 residential lots
“These are not just rebuilds—they are entirely new investments from outside Lismore,” Mayor Krieg said. “It’s a sign that confidence in our economy is returning, and Lismore is once again seen as a smart place to invest.”
He praised Council’s planning team for their efficiency, with 80% of DAs approved within expected timeframes and an average approval time just under 80 days, well ahead of many other regional councils.
Following the devastation of the 2022 flood event, Council has focused on sustainable urban growth and resilience. A recent audit of Lismore’s inner CBD shows that occupancy rates have remained stable despite ongoing economic pressures.
“These figures show we’re not just rebuilding—we’re growing,” Mayor Krieg added. “Lismore is open for business and ready for long-term investment.”
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