Coronation Property has secured approval for early works at its landmark Build-to-Rent (BTR) development in Waterloo under the State Significant Development Application pathway, marking a major milestone for one of Sydney’s largest rental communities.
Following approval, Coronation will commence piling and excavation works, marking a significant step forward in accelerating the delivery of large-scale rental housing in Sydney.
Located just 1.5 kilometres from the CBD and moments from the Waterloo Metro, the 2.1-hectare site will deliver approximately more than 800 purpose-built rental homes as part of a vibrant, mixed-use precinct designed for long-term living.
Approval of the main works is anticipated in mid-June 2026, with construction to progress in stages. First residents are targeted to move in by 2028, with final completion expected in 2029.
Joe Nahas, Managing Director of Coronation Property said, “Waterloo is one of the most important and well-connected sites in Sydney – right on the doorstep of the CBD and directly linked to major transport and employment hubs.
Sites like this demand more. They need to deliver housing at a scale, with the quality and amenity that reflect their location.
That’s what we’re doing here at Waterloo – creating a precinct that makes full use of that connectivity and supports how the city is growing.
Charlotte Dillon, General Manager of Nation, said, “Build-to-Rent is one of the fastest-growing housing models globally, but what sets it apart is how it’s operated.
At Waterloo, that means managing the entire resident experience as one integrated model, from how people lease and move in, to how they live and connect day-to-day.
It’s what creates a more consistent and more flexible way of renting — and why we’re seeing strong demand for communities like this.”
In addition to increasing housing supply, the project incorporates a mix of market and affordable housing, alongside shared spaces and programming designed to support connection, wellbeing and a sense of belonging among residents.
Once complete, the development will comprise up to 12 buildings, ranging from medium to high-rise, within a connected urban precinct that brings together residential, retail and communal spaces.
Designed by SJB and Bates Smart, in collaboration with Curious Practice and Chen Chow Little, the precinct has been shaped to balance consistency and variation across the built form, while responding to its surrounding context.
Residents will have access to a range of shared amenities, including wellness spaces with sauna, steam room and plunge pools, two swimming pools (including a rooftop pool), cinemas, resident lounges, co-working areas and communal spaces designed to support both connection and day-to-day convenience.
Adam Haddow, Partner at SJB, said, “Our vision for Waterloo focused on light, space and connection, with layouts that are intuitive and adaptable over time. The material palette is designed to bring warmth and longevity to the homes.
Just as importantly, the design extends beyond the apartment. It creates a cohesive precinct, with shared spaces and landscapes that support a sense of community and elevate the everyday experience of living there.”
At ground level, a curated mix of retail and everyday services will contribute to a vibrant, community-focused environment, supporting both residents and the surrounding neighbourhood.
Waterloo reflects a continued focus on delivering well-located, design-led housing at scale, with a model that supports long-term residents, stronger communities and a more sustainable rental market.
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