08-08-2025
- Business
- Sydney Morning Herald
Landmark leads Sydney housing crisis response with major developments
As Sydney grapples with a persistent housing crisis, Landmark Group is pioneering innovative residential living options that make new homes in great suburbs more than a dream for some of society's most vital workers.
Demonstrating its long-term commitment to affordable housing initiatives, the developer is making the most of forward-thinking government policies that expedite building quality homes for essential workers. These buyers, who include teachers, police officers and nurses, are sometimes priced out of the market in suburbs close to where they work.
To help support these important community members to own their own homes, Landmark has secured approvals for two major projects under the NSW government's State Significant Development (SDD) scheme, which was introduced at the end of 2023. Landmark's projects are some of the first to be greenlighted under the SDD.
This program allows developers to streamline regulatory approvals to meet the urgent demand for housing. So far, the NSW government has declared 64 proposals for around 27,800 homes as state significant.
Thanks to the SDD, two Landmark developments, Casa Delmar in Dee Why and Live Caringbah, will incorporate 15 per cent affordable housing options, supporting key workers to live and work in the communities they serve. The combined value of these projects is estimated to be $600 million, contributing nearly 500 apartments to Sydney's housing supply.
Its proactive approach to construction is one of the attributes that sets Landmark apart. Work is already underway to bring these projects to life as quickly as possible. The basement work for Casa Delmar is already complete and construction has recently broken ground at Live Caringbah. While many building companies talk about the need for change, Landmark is actively making it happen.
The urgency of the housing crisis in Sydney cannot be overstated. According to research by Sydney University, without measures to enhance housing affordability, it is unlikely there will be any parts of Sydney where a median part-time or full-time income can solely cover the cost of purchasing a home until at least 2031.
Landmark Group is stepping up to meet this challenge, with plans to deliver a total of 1,450 apartments across Sydney by 2026. This ambitious goal is backed by a robust pipeline of more than $5 billion in residential developments.
