The government is pushing ahead with plans to transform the Glebe Island industrial port on Sydney Harbour with thousands of homes near a future metro station.
It has allocated $31 million to set up the previously announced Bays West Delivery Authority to guide development of the new suburb of 8500 homes, at least 10 per cent of which will be affordable and essential worker housing. The government said detailed planning was under way, including a soon-to-launch international design competition for the precinct beside the Bays West metro station.
About $30 million will go towards a new train station at Woollahra to enable the construction of an estimated 10,000 new homes on rezoned land around Woollahra and Edgecliff stations. About $35 million will be spent on the Bank Street Park, which is being built next to the old Fish Market site, where thousands of apartments will be built. The government will spend $21.3 million this financial year on its controversial $50 million project to convert part of Moore Park golf course into parkland.
The funds towards new housing precincts are accompanied by about $52 million to establish the Development Coordination Authority to help speed up housing delivery and co-ordinate development approvals across departments, as the state government attempts to deliver 377,000 new homes by mid-2029.