A 330-unit residential development in the northern Sydney suburb of St Leonards will be home to the city’s first communal fleet of Tesla electric vehicles.
The $500 million The Newlands development, currently being constructed by property group Top Spring Australia, has struck a partnership with shared mobility company Outbound to offer the fleet of Teslas that will be located onsite.
Residents wishing to use the vehicles can book and open them using the Outbound app.
The partnership also includes several electric bikes to use from Sydney headquartered company Zoomo.
“This is a huge step forward for a Sydney residential project and a huge win for people who will eventually be living at The Newlands,” says Outbound CEO Luke Rust (pictured above, left, with Outbound partnerships advisor Martin Leuenberger, right).
“It’s about improving amenities for residents and reducing the impact of the development on the environment.
“Residents won’t even need to own a car as there will always be at least one Tesla onsite, ready and waiting.
“They don’t have to pay for fuel, registration or any other running costs.”
The partnership with Top Spring Australia is Outbound’s first foray into a residential development.
“I expect the uptake to be enormous,” says Rust.
“Owning an electric vehicle is still very expensive, but this way you’ve got full access to a fleet of them without the big outlay to buy one.
“The average car in Australia costs $17,000 a year to own and operate, and is usually parked about 96 per cent of the time.”
The Newlands development is due for completion in mid-2025.