Mosman is navigating its biggest planning shift in decades. The Low and Mid-Rise Housing Policy is currently live, but the Mosman Master Plan is poised to replace it with a more concentrated growth strategy. The window for owners to understand current development potential is open now. Winners and losers will be determined by those who are prepared for the changes and those who are not.
Under the current LMR, 27% of Mosman's LGA, approximately 180 hectares, has development uplift. Both masterplan options substantially reduce this footprint, to either 13% or 9% of the LGA.
Whether your property is proposed to be removed, stripped of its low and mid-rise provisions, or benefit from increased density under the proposed master plan, you must ensure you are informed and prepared to protect and enhance the value of your property.
Under the proposed Mosman Masterplan, a number of properties currently benefiting from the NSW Government's Low and Mid Rise Housing Policy (LMR) may be removed from the Masterplan catchment.
If the new planning controls are ultimately gazetted in their current form, properties excluded from the final catchment are likely to revert to the underlying planning controls that applied prior to the LMR reforms. For landowners, this will dissolve future development potential and developer demand.
The period before the finalisation of the masterplan is therefore important. During this time, owners can:
If your property falls within the proposed Mosman Masterplan boundaries, the introduction of additional density and height controls may significantly increase its value to developers.
For owners, the key is understanding how your property fits into the broader planning framework and position your site strategically before the market becomes crowded with competing opportunities.
Early planning and commercial advice can help owners:
As the Mosman Masterplan evolves, competition between sites is likely to increase. Sites that are well positioned, strategically assembled, and timed well will attract stronger developer interest and outperform.
Chem Property can assess your site against the current LMR controls, the proposed masterplan options and likely developer demand.