Build-to-rent apartments and rooftop gardens: how the City of Sydney is facing the future
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Build-to-rent apartments and rooftop gardens: how the City of Sydney is facing the future

The proposed changes are designed to address housing affordability in Sydney and increase the vibrancy of the city

By KANEBRIDGE NEWS
Wed, Dec 13, 2023 11:33amGrey Clock 2 min

Developers could be given between 20 percent and 75 percent more floor space under plans by City of Sydney Council to encourage build-to-rent residences.

The allowance will be available to applications made within the five-year time frame from when changes to planning and development rules are approved.

City of Sydney has announced its endorsement of changes to the rules to make building family friendly and build-to-rent apartments easier. Lord mayor of Sydney Clover Moore said the proposed changes to the planning controls balanced the need for more housing with sustainability concerns and the desire to maintain the character of the city.

“Exciting changes include new incentives for build-to-rent housing in the CBD, embedded Net Zero building controls, the promotion of increased tree canopy and green roofs and a streamlined processes for design excellence and major development applications,” she said.  

“We are also supporting housing diversity and addressing the loss of smaller and more affordable dwellings as a result of redevelopment.”

The concept of ‘built to rent’ properties has gained traction in recent months as a way of addressing the housing affordability crisis in major centres. The concept is one where developers and their financiers build multi-residential dwellings but, rather than selling them, retain ownership of all properties and rent them out.

Built-to-rent properties are more commonly seen in Europe and the UK, where they have been used to supply housing to those struggling with housing affordability.

Ms Moore said moving to this model would ensure higher occupational rates in inner city residences.

“That is great for inner-city vibrancy and avoids situations where international investors leave newly built flats empty for capital gain,” she said. 

The Federal Government announced incentives to encourage built-to-rent development in its budget earlier this year.

The proposed changes would also encourage developers to install green roofs through height incentives, as well as allowing developers 20 percent more floor space for co-living accommodation for students and low income workers.

“We know that students are one of the groups that have been hit hardest by the rental crisis in Sydney, with lack of appropriate accommodation and affordability both major issues,” Ms Moore said.  

“By offering these additional floor space incentives we hope landowners and developers will create more co-living accommodation in areas like Haymarket, which has proved popular with students in Sydney.”

Draft changes will be presented to the NSW Department of Planning and Environment.



MOST POPULAR
11 ACRES ROAD, KELLYVILLE, NSW

This stylish family home combines a classic palette and finishes with a flexible floorplan

35 North Street Windsor

Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.

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It’s a slam dunk as a covetable $2m KDR site complete with basketball court hits the market in the Hills District

The ball is in the buyer’s court with this knockdown/rebuild opportunity

By KANEBRIDGE NEWS
Tue, Apr 18, 2023 2 min

Glenhaven in Sydney’s Hills District is one of those areas that locals tend to keep to themselves. Leafy with large blocks on offer, the suburb takes its name from its valley location, with the northern end originally known as the Glen and the southern end called the Haven. 

En route from Parramatta to the Hunter, Glenhaven has become an ideal place for growing families in search of a little more space, or even room to house several generations under one roof.

The challenge is finding properties that tick all the right boxes.

As demand for trades and supply chain issues continue to ease, now could be the right time for a knockdown/rebuild project for would-be buyers looking to create their dream home.

Fairmont Homes specialises in knockdown/rebuild projects in Sydney. General manager at Fairmont Homes, Daniel Logue, said there are key features to look for when choosing a knockdown/rebuild site.

“The key items we look for are the site falling to the street, not to the rear, to help with stormwater drainage as well as access to the site,” he said. “Neighbouring property front setbacks are also important. In some older areas, the older houses are set closer to the street, meaning your new home will have to be set to suit.

“Value for money and the return on the end sale price of the home is another issue.”

If possible, he said designing a home that meets the criteria of the Complying Development legislation will speed up approvals considerably.

While suitable knockdown/rebuild sites can be hard to find in Glenhaven, there are still hidden opportunities if you know where to look.

One block at 158 Gilbert Road, Glenhaven is ideally suited for rejuvenation. With almost 850sqm to play with, it slopes down to the street and sits between neighbouring properties that have already been stylishly updated.

 

 

An existing basketball court at the rear could provide the perfect teen backdrop to a family home, or it could make way for a larger house with landscaped gardens and pool. Alternatively, it could be the perfect position for a cabana or granny flat to serve as in-law accommodation or a source of secondary income.

With recent sales of completed homes in nearby streets reaching well above $5 million, it’s a great opportunity to make a slam dunk of a buy into one of Sydney’s best kept secrets.

Address: 158 Gilbert Road, Glenhaven
Price guide: $1.8 million
Inspection: By appointment only
Contact: William Brush, LJ Hooker Dural 9651 1566 

 

MOST POPULAR
11 ACRES ROAD, KELLYVILLE, NSW

This stylish family home combines a classic palette and finishes with a flexible floorplan

35 North Street Windsor

Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.

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