The state government wants to build thousands of apartments near a new metro station. One local councillor has lashed it as an “epic fail” to deliver more public housing.
The revamp of the Waterloo public housing estate is a step closer after the NSW government awarded the contract for the first stage of the $4 billion mega-project to a consortium led by property giant Stockland.
While the first tenants will probably have to move out next year, work on the project – considered the country’s largest social housing renewal – isn’t expected to start until 2027 and should take up to 15 years.the 19-hectare estate, built in the 1970s, has long been the subject of significant dispute between the state government, residents and the City of Sydney council.
Waterloo’s concrete public housing towers, walk-up apartments and houses will be levelled and rebuilt among thousands more private apartments.“This is another step forward in addressing the state’s housing crisis; the announcement of our delivery partners for Waterloo South means we are closer to building 1500 new and sustainable social and affordable homes,” she said.
Newtown Greens MP Jenny Leong said the plans were a “huge blow to people in this community who were promised a better deal under Labor” and would “barely touch the sides of the housing crisis”.“The minister has had to do the most amazing rhetorical gymnastics today to explain how privatising 50 per cent of Waterloo South – which is currently 100 per cent public housing – somehow doesn’t constitute privatisation.
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