The Minns Labor Government is today announcing that major construction has begun to deliver 60 new build to rent homes in Bomaderry, providing much needed long term, affordable housing on the South Coast.
Housing is the single largest cost of living pressure facing the people of NSW and this is particularly acute on the South Coast where in Bomaderry and Nowra, almost half of all households are experiencing rental stress.
This Build to Rent project that was first promised at the 2023 election by the then Labor Opposition, will deliver a variety of apartment sizes to suit the needs, lifestyles and budgets of local families, workers and residents looking to rent.
The project at 4 Bienda St, Bomaderry includes 48 homes for long term rental at market value and 12 which will be set aside for households on very low to moderate incomes.
The apartments are conveniently located for future residents, situated close to Bomaderry railway station, with easy access to shops, open space and other amenities.
South Coast based Zauner Construction has been contracted by the government to deliver these homes, creating more local jobs, with keys in doors expected by late next year.
This project has been funded through a $65 million investment by the Minns Labor Government to deliver secure rental housing on the NSW South Coast and in the Northern Rivers.
This is all part of the Minns Labor Government's plan to deliver homes where they are needed, so young people, families and key local workers have somewhere to live on the South Coast.
For more information about the project visit Bomaderry | Landcom
Premier of New South Wales, Chris Minns said:
"These homes will be life changing, delivering secure and affordable homes for young people and families to rent.
"From new and upgraded schools and hospitals to this build to rent project - we're building the infrastructure that the electorate of Kiama needs."
"The cost of housing is one of the biggest cost of living pressures in our state right now - these much needed new homes will help address this while also creating local jobs on the South Coast."
Minister for Planning and Public Spaces, Paul Scully said:
"More than a third of households rent in the Nowra-Bomaderry area, so Build to Rent projects like this are vital to increase supply and provide better long-term housing choice in areas like Bomaderry that are already well-connected to shops, transport, open space and other amenities.
"Projects like this are a prime example of the Minns Labor Government delivering a more affordable housing future for New South Wales.
Labor Candidate for Kiama, Katelin McInerney said:
"We live in the most beautiful part of the world but it's getting harder and harder for the next generation to have the same chance we had to grow up here and now raise our family here.
"Projects like this that respect our pristine natural environment while providing much needed affordable housing are critical if we want to continue to be able to deliver the new world class services the Minns Labor Government are delivering like new and upgraded schools and hospitals."
