Sydney Pyrmont-Ultimo plan adds up to 1,140 homes, including 50 rent-capped affordable homes

The City of Sydney has proposed additional changes to planning controls for the Pyrmont-Ultimo peninsula, to provide more space for new homes, jobs, greener streets and expanded public spaces. The latest proposal would create up to 1,140 new homes, including 50 new rent-capped affordable homes, and retail space providing an estimated 400 new jobs.

Greener streets, trees and sunlight protection

The proposal also expands public open space, plants 220 new trees and provides a framework for 450 square metres of green roofs. The City says it would protect sunlight access to key public parks, civic spaces and waterfront destinations, including Wentworth Park, Pirrama Park, Bank Street Park, Union Square and Sydney Fish Market Square.

Building on last year’s changes

The new proposal builds on changes endorsed by Council last year, currently with the Department of Planning for approval, that would create capacity for 1,524 new homes and 6,970 new jobs. Both sets of proposals follow the NSW Government’s Pyrmont Peninsula Place Strategy, which set targets of 4,000 homes and 23,000 new jobs for the area ahead of a metro station opening in early 2030.

The City estimates that the Government’s development sites and the City’s proposed changes combined could contribute around 6,000 new homes and 27,000 new jobs in Ultimo and Pyrmont. Lord Mayor Clover Moore said the latest proposals show how thoughtful planning can pave the way for more homes and more liveable streets and public spaces.

What happens next

The new plans will now go to the NSW Government for approval before being opened for public comment. The City stressed that growth on the peninsula must be supported by appropriate infrastructure and respect neighbouring development and public spaces, and that returning Wentworth Park to the community will be critical to supporting increased residential and commercial development.