NSW Approves $1.8B Five Dock Housing Project

A major housing and retail development in Sydney’s inner west is set to fast-track nearly 1,200 new homes by bypassing local planning delays.

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Pick & Scroll News
July 01, 2025

A major housing and retail development in Sydney’s inner west is set to fast-track nearly 1,200 new homes by bypassing local planning delays. However, the ambitious move may generate tension with residents and local councils concerned about its size and speed. The $1.8 billion Kings Bay Village project in Five Dock is the first to be approved under a streamlined state process designed to address the urgent housing shortage in NSW.


The developer is set to transform a formerly industrial site on Parramatta Road with a mix of residential, retail and public space. Despite early opposition from the community, mostly focused on building heights and traffic congestion, the project cleared approvals through the NSW government’s “state significant development” pathway. This approval aligns with Premier Minns' strategy to reduce bureaucracy and accelerate housing delivery.


Kings Bay Village will include 1,185 apartments with 218 designated as affordable housing for essential workers. The development also features 14,700 square metres of retail and commercial space, 6,500 square metres of new public open space and improved transport links through a future Metro station, expected to open in 2032. Some buildings will rise up to 31 storeys, which surpasses current local height limits but contributes to meeting overall housing targets set by the state.


The project represents a key step in delivering the long-term government vision to revitalise the Parramatta Road Corridor. It will account for nearly 25% of the City of Canada Bay’s five-year housing target, supporting the statewide goal to build 322,000 homes by 2029. At the same time, it highlights the ongoing friction between statewide planning priorities and local community concerns.


Construction of the first phase is scheduled to begin in 2024, with the entire development expected to be completed by the end of 2028. Around $90 million will be invested in nearby infrastructure, public spaces and affordable housing upgrades to offset the project’s impact.