Overview
- Land within roughly 800 metres of the future Woollahra station and 400 metres of Edgecliff will be rezoned under a state‑led plan enabling up to 10,000 dwellings over about 10 to 15 years.
- The government plans a value‑capture charge of about $12,500 to $15,000 per new apartment to offset an estimated $150 million to $200 million cost to complete the heavy‑rail station.
- Developments must include a dedicated portion of affordable housing, with the precise share still to be decided; Planning Minister Paul Scully said he is hoping for a figure around 10%.
- Transport officials say the Eastern Suburbs line runs at about 43% of peak capacity and the new stop would offer an eight‑minute trip to the CBD.
- Community consultation and master planning are expected to take about two years, with Woollahra Council critical of the proposal and Liberal leaders backing the station but questioning the 10,000‑home estimate.