October 2023 Update

Recently, you may have seen a large number of State Government announcements and media attention to do with the need for significantly more housing in NSW and the Sydney basin specifically. The current housing crisis is expected to worsen on the back of elevated levels of immigration in the future.

The regulatory framework governing housing development in NSW is expected to change to meet the predicted housing demands. The timing of these changes may very well assist us in delivering a development of greater scale and density than first anticipated. Exploring all emerging options takes time, unfortunately. This, coupled with the absence of a key contractor involved in the redevelopment process, saw our project ‘stall’ momentarily, but I am pleased to say that the appointed team are now all ‘back on deck’ and forging ahead with the development plans. That said, we have always maintained that we have time on our side in this matter and that we would prefer to make a good decision, rather than a quick decision regarding the way forward.

We expect to have some further news on the Heart of Forestville development pre-Christmas and will continue to use our www.heartofforestville.com.au website as the distribution point for any updates.

Regards,

Tony Moody, President and Ian Thomson, CEO
Forestville RSL