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Announcement 2 mins 5th March, 2026

Novus secures SSDA Approval for third Sydney BTR project

Novus

Build-to-Rent (BTR) platform Novus has secured State Significant Development Approval for their third BTR project in Sydney, and second in Chatswood – Novus on Victoria.

Designed by Fender Katsalidis, Novus on Victoria comprises 260 Build-to-Rent (BTR) apartments across 46 storeys and includes over 1,000 sqm of dedicated resident amenity space, retail offerings & 3 levels of basement. The building is comprised of studios, 1, 2, & 3 bedroom apartments; a dedicated wellness podium level with gym, pool, sauna, steam, ice plunge, outdoor terrace and pet park; a mid-rise outdoor BBQ terrace and sporting area; and penthouse level amenities made up of resident lounges, co-working space and private dining – all offering stunning views across Sydney and beyond.

The ~$330 million development is situated on the doorstep of Chatswood Mall, Westfield and the Transport Interchange; connecting directly with the metro, trains and buses. Other major lifestyle and retail precincts include Chatswood Chase, the Concourse Arts Precinct, and several public open spaces and schools within easy reach; making Novus on Victoria one of Sydney’s most connected BTR sites.

The project will incorporate a range of environmental and sustainability initiatives in keeping with the rest of the Novus portfolio, and includes both BASIX and NatHERS targets.

Novus Co-founder and Chief Development Officer, Jason Goldsworthy, said Novus on Victoria is the company’s third project approved through the BTR State Significant Development Approval pathway.

“The thorough process involved working alongside the NSW Department of Planning, Housing and Infrastructure, Willoughby City Council, and Government Architect NSW, to reach a positive outcome for Sydney’s Lower North Shore and aid in the housing shortfall being experienced across the state of NSW."

“It will provide in excess of 200 construction jobs, 100 ongoing operational jobs, and is expected to generate over $12 million annually in retail goods and services spend within the Chatswood CBD from our future residents. It’s a really good thing for the Chatswood CBD.”

“Sydney BTR is starting to nip at the heels of Victoria; and certainly from our point of view, we’re much more weighted to Sydney over Melbourne with our pipeline of projects,” said Goldsworthy.



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