Chris Minns to reveal NSW plans to bolster housing construction
Developers in New South Wales will be able to choose between paying a levy of $12,000 per lot, or building infrastructure such as roads and parks themselves as an “in kind payment” in a further push to speed up the construction of new housing in the state. The changes will be revealed on Thursday by the premier, Chris Minns, before next week’s state budget.
It will likely be welcomed by groups such as the Property Council of New South Wales, which has long complained that the $12,000 levy adds to developers’ financing costs and puts them at the mercy of government agencies to provide infrastructure such as roads, parks and schools.
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