Premier Announces Plan to Kick-start Housing Construction
Source: NSW Premier. Media Release.
"Premier Nathan Rees announced the Government’s plan to boost the NSW housing industry and improve housing affordability for families. Mr Rees said that the Government will deliver much needed reforms to infrastructure levies. "The Government will reduce levies that are charged on new developments by up to $64,000 per lot," Mr Rees said. “Water levies, state government levies and local government levies charged to new developments will all be reduced as part of the plan, including:
• Cutting state infrastructure charges in the south west and north west growth centres from $23,000 to around $11,000 per lot until June 2011.
• Abolishing infrastructure levies payable to Sydney Water Corporation and Hunter Water, saving up to $15,000 per lot.
• Capping infrastructure contributions payable to local councils at $20,000 per lot – with all contributions exceeding $20,000 requiring approval from the Planning Minister. "