The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Untitled design (8)
FULL PROGRAM RELEASED FOR URBANITY-25 CONNECTING PROPERTY LEADERS ACROSS THE ASIA PACIFIC
FULL PROGRAM RELEASED FOR URBANITY-25 WHERE THE PROPERTY INDUSTRY CONNECTS
VIEW FULL AGENDADETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
print
Print
ResidentialRenee McKeownThu 26 Oct 23

City, State at Loggerheads over Future of Terraces

City of Sydney is offering these three homes for sale in a bit to increase diversity in the rental market.

Inner-city terraces could again play a role in providing thousands of homes but their future is uncertain with governing bodies holding opposing ideas for the housing stock.

Terraces were built during the population boom and subsequent housing drive in Melbourne and Sydney between the 1850s and 1890s.

The distinctive row houses with shared walls were cheaper and faster to build. Many still stand today and are among the most expensive properties in the nation thanks to their location and the popularity of the architectural style.

The City of Sydney is offering several of these properties at Beaconsfield and Darlinghurst through an expressions-of-interest campaign due to end on October 30.

On offer are seven semi-detached, heritage-listed terraces on a 700sq m site at 5-17 Norman Street, Darlinghurst, and a 1940s terrace at 169 Victoria Street, Beaconsfield, on a 234sq m block

The ciyt wants the homes was to be sold “at a substantial discount to the market value to realise additional or affordable and diverse housing” to eligible organisations.

Although councils want to increase housing diversity, just two of 32 Local Environmental Plans allow terraces in R2 zoning, despite 77 per cent of land zoned this way in Sydney.

This was a missed opportunity, according to the NSW government, which wants councils to reconsider terraces in these schemes.

The state government calculated that if a terrace was put on 5 per cent of these lots, it would add 67,500 new homes, more than 20 per cent of the stock needed by 2029.

five terrace houses and a pub at 89, 91, 93-95, 97, 99 & 101 Albion Street, Surry Hills
▲ This island site is for sale at Surry Hills and is offered as a vacant opportunity in a separate expressions-of-interest sale by Stanton Hillier Parker. 

Minister for Planning and Public Spaces Paul Scully said low-rise density had been ignored for 12 years and that greater density was also better for the environment. 

“It’s surprising and disappointing that housing types synonymous with Sydney’s housing past are not permitted to be part of Sydney’s housing future because of local planning rules,” Scully said.

“I will be writing to councils whose LEPs presently do not permit terraces and small apartment blocks in these residential zones, to make it clear that these types of houses are critical to address the housing crisis.

“We want to make infill housing a priority. It’s cheaper to deliver and better for the environment.

“More housing in existing suburbs gives young people, especially, a choice to live near their parents, not be forced to live with their parents.

“It also saves essential workers from having to travel long distances to get to centrally located places of work, like hospitals and schools.”

Meanwhile, in Sydney a developer is looking at a different option for its terrace home by converting the house into boardrooms and placing a thin five-storey building on the back.

Also this week, five terraces and a pub at Surry Hills on an island site have hit the market, offering the opportunity to write the future for this block of homes.

Residentialdo not useAustraliaSector
AUTHOR
Renee McKeown
More articles by this author
ADVERTISEMENT
TOP STORIES
Exclusive

Accor Deputy Delivers Verdict on Brisbane Games Hotel Shortfall

Phil Bartsch
6 Min
Qld Budget 2025-26 Brisbane City
Exclusive

Billions Promised, Now Deliver: Industry’s Qld Budget Verdict

Vanessa Croll
6 Min
Medium Density housing in NSW
Exclusive

NSW Budget ‘Groundbreaking’ $1bn Guarantee to Unlock Housing

Leon Della Bosca
7 Min
Exclusive

Azure’s Trent Keirnan on Playing the Long Game

Taryn Paris
5 Min
Exclusive

Private Credit Surge, Skittish Buyers Force Banks to Loosen Presale Rules

Taryn Paris
5 Min
View All >
Builder Hansen Yuncken has completed construction of ISPT and HESTA's latest addition to the St Vincent's Hospital Melbourne Precinct.
Life Sciences

ISPT, HESTA $140m Fitzroy Life Science Tower Tops Out

Marisa Wikramanayake
King William Road City of Unley Corner of Mary Street and King William Road North
Planning

Rezoning Push to Unlock $300m Scheme at SA’s Unley

Leon Della Bosca
TimePlace Manly shoptop
Construction

Time & Place Plans Second Manly Project as First Begins

Vanessa Croll
The Melbourne-based developer has advanced its push into Sydney, breaking ground on its high-end coastal shoptop at Manl…
LATEST
Builder Hansen Yuncken has completed construction of ISPT and HESTA's latest addition to the St Vincent's Hospital Melbourne Precinct.
Life Sciences

ISPT, HESTA $140m Fitzroy Life Science Tower Tops Out

Marisa Wikramanayake
2 Min
King William Road City of Unley Corner of Mary Street and King William Road North
Planning

Rezoning Push to Unlock $300m Scheme at SA’s Unley

Leon Della Bosca
4 Min
TimePlace Manly shoptop
Construction

Time & Place Plans Second Manly Project as First Begins

Vanessa Croll
2 Min
Not-for-profit BaptistCare is about to embark on one of its biggest projects to date, a 6.4ha development in Sydney’s north west with a capital investment value exceeding $2 billion.
Placemaking

BaptistCare Plans $2bn Precinct at Macquarie Park

Renee McKeown
2 Min
View All >
ADVERTISEMENT
Article originally posted at: https://theurbandeveloper.com/articles/nsw-victoria-terrace-homes-housing-solution