Construction has begun on 50 new build-to-rent homes in East Lismore. This marks a major step toward easing housing pressures and improving rental security across the Northern Rivers.
Delivered by the NSW Government’s property and land developer Landcom, the project is the first of its kind in the Northern Rivers. It introduces a new housing model designed specifically for long-term renters.
The development is being built by regional contractor FK Gardner & Sons. It will feature a mix of studio, one-, two- and three-bedroom apartments. This project offers a wider choice of housing options for the Lismore community. Construction is expected to be completed by late 2026, weather permitting.
More Affordable, More Secure Rentals
The new complex will be conveniently located close to shops, schools, Southern Cross University, parks and key community services. Importantly, 20 per cent of the homes will be dedicated to affordable housing for people on low and moderate incomes. This includes essential workers.
Minister for Planning and Public Spaces Paul Scully said the East Lismore project represents a milestone in regional housing innovation.
“This project will help provide greater housing security and choice for renters in Lismore. It delivers 50 new build-to-rent units that bolster both housing supply and diversity,” Mr Scully said.
“As one of the first build-to-rent projects outside a major city, it will test a new housing model for regional areas. This model could be expanded across NSW.”
The NSW Government will retain ownership of the development once complete, ensuring ongoing stability and affordability for tenants.
Building Back Better for Lismore
Minister for the North Coast and Member for Lismore Janelle Saffin said the project will deliver long-term benefits for the community still recovering from recent natural disasters.
“These 50 new homes will be a lifesaver — beautifully designed apartments in a well-located area above the flood zone,” Ms Saffin said.
“Lismore’s resilience is unmatched, but ensuring affordable, flood-resilient housing is key to building back better. It secures our future.”
Commitment to Regional Growth
Landcom Executive General Manager of Development, Tasha Burrell, said the project showcases the organisation’s commitment to unlocking new housing options for regional NSW.
“Build-to-rent housing is a great example of Landcom’s mission to make homes happen,” she said. “Starting construction on this site brings us one step closer to getting people into secure, quality homes.”
FKG Managing Director Nick Gardner said his company is proud to partner with the NSW Government and Landcom on the initiative.
“We’re excited to deliver this much-needed accommodation solution for the Northern Rivers,” Mr Gardner said. “We’ll work closely with local suppliers to ensure strong regional participation and a high-quality outcome.”
The Minns Labor Government has committed to delivering 400 build-to-rent homes for essential workers in Sydney and 60 on the NSW South Coast. The East Lismore project expands the model into regional NSW.
For more information, visit landcom.com.au/eastlismore.
