$90 million East Lismore development to deliver hundreds of homes

PLANS to deliver up to 400 new homes at East Lismore have been released, with stage one forming part of a $90 million investment aimed at supporting flood-affected residents from across the region.

Stage one will include about 100 smaller and more affordable housing options, including terraces and low-rise apartments.

Landcom has committed $75 million to develop the site, with a further $15 million contributed by the NSW Reconstruction Authority for land acquisition and enabling infrastructure such as roads, power, water and sewerage connections.

At least 20 per cent of the homes will be allocated as affordable housing for very low to moderate-income households.

Early master planning is underway for the full 72-hectare site, with the aim of creating a sustainable and resilient community of at least 400 dwellings designed to meet post-2022 flood housing needs.

The East Lismore site is one of three priority locations under the Resilient Lands Program, which is designed to accelerate land and housing supply for residents impacted by flooding.

Participants in the Resilient Homes Program who have accepted a buyback offer will have a minimum of 30 business days to purchase new land and homes before the sites are opened to the broader market.

“This project reduces future risk while keeping families connected to their community,” Lismore MP Janelle Saffin said.

“Stage one is open to flood-impacted residents and families to have first option, as agreed to from day one.

“This partnership between Landcom and the NSW Reconstruction Authority shows our commitment to practical recovery and ensuring the community can rebuild with confidence.”

In November, Landcom began construction on 50 build-to-rent apartments at the corner of Crawford Road and Military Road, west of the stage one development.

NSW Reconstruction Authority executive director Graham Kennett said recovery was about providing safer long-term options.

“We know that recovery is not just about replacing what was lost, it’s about ensuring communities have safer options for the future,” he said.

Landcom is inviting community feedback on the plans until 9am on Monday, February 16, to help finalise stage one designs and inform broader site master planning.

Sales and major works are expected to begin later this year, with further information available at joinin.landcom.nsw.gov.au/eastlismore