CASE STUDY 7 Midtown MacPark Given the complexity and cost barriers to affordable housing development, partnership models are becoming increasingly necessary to deliver supply. Midtown MacPark is an innovative partnership at Macquarie Park in northwest Sydney between Frasers Property Australia, state and federal governments and community housing provider Mission Australia Housing. The 20-acre site, which was formerly social housing known as Ivanhoe Estate, provides a model for tackling Australia’s housing shortage. Once complete, the development will provide 3,300 apartments, including 950 new community housing apartments planned by the NSW Land and Housing Corporation and managed by Mission Australia and 130 new affordable homes owned and managed by Mission Australia. The mixed-tenure development will house a total of 6,500 people and more than triple the share of community and affordable housing available on the site. The community development programme will establish a new model for supporting community health and resilience and uniting residents from diverse socioeconomic backgrounds. The development has also achieved a 6-Star Green Star Communities rating by the Green Building Council of Australia (GBCA). One-third of Midtown MacPark will be dedicated to open space, parks and playgrounds. The community benefits from excellent public transport, close to Macquarie University Metro, Macquarie Centre and key institutions. Source: Frasers Property Reimagining Real Estate: A Framework for the Future 31

Reimagining Real Estate 2024