A $480 million build-to-rent project in Macquarie Park has been approved, clearing the way for 736 rental dwellings across seven buildings at 85-97 Waterloo Road.
The State Significant Development consent allows six new build-to-rent buildings ranging from 10 to 20 storeys, plus a three-storey amenities building known as the Club House. The approved scheme includes ground-floor retail, residential recreation spaces, communal amenities, basement parking and public domain works.
The development includes 671 car spaces, 84 bicycle spaces, a through-site link between Waterloo Road and Banfield Road, and a 4,126 square metre public park. The continued operation of 2 Banfield Road is also permitted, with no physical works proposed on that part of the site.
The project was exhibited from 5 October to 6 November 2023 and attracted 33 submissions, including 32 objections and one comment.
The approval was issued on 25 June 2026.
For more information, search the application number (SSD-52604208) on the NSW Department of Planning, Housing and Infrastructure’s website.
| Application Number | SSD-52604208 |
|---|---|
| Project Title | 85-97 Waterloo Road & 2 Banfield Road, Macquarie Park – BTR |
| Project Status | Determined |
| Decision | Approved |
| Determination Date | 25/06/2026 |
| Project Type | Build to Rent |
| LGA | City of Ryde |
| Site Area | 21,730 sqm (2.17 ha) |
|---|---|
| GFA | 65,146 sqm |
| Dwellings | 736 |
| Buildings | 7 |
| Storeys | 10 to 20 storeys |
| Building Height | 64.9m |
| Parking | 671 car | 84 bike |
| Jobs | 1,398 construction / 173 operational |
| Capital Investment | $480.0 million |
