THIS CODE with lots as tiny as 200M2 x 6M wide was introduced by NSW INC when Anthony Roberts was Planning Minister …
A third of the size of traditional land lots in Australia … obviously better with more freedom than an apartment … but still very expensive for buyers …
NOW … are you aware that Greenfield landowners are to be hit with VALUE CAPTURE? This cost is being taken away from deve-lopers and dumped on landowners! As if deve-lopers don’t make enough …
‘Local contributions and land value contributions’
… It’s a value capture they want to introduce now for landowners; not developers.
AND it is up to 20% of the Valuer General valuation NOW but the planning minister can change it at any time without consultation . Who knows how high it can go?
WHO in the government tried to slip it in? .. In the budget papers? …
NOW they have come back and are trying to push it through. Hardly anyone knows about it … this is what NSW INC do in the lead-up to CHRISTMAS!
AND submissions have to be written!
There needs to be a BACKLASH as the Real Estate Institute said this will push up the prices of land and houses.
THIS is what they are trying to push through:
‘New Regulations for Infrastructure Contributions Released for Public Consultation’ | Lindsay Taylor Lawyers
Public consultation is now open for new instruments relating to infrastructure contributions reforms. Find out more from the experts.
This is an explanation by a solicitor about the tax but it will AFFECT SUBURBIA not just rural areas. *
This section is disturbing as the NSW Government can also push up the price of up to 20% at any time, and they don’t even have to let people know!
Clause 32 will allow more types of amendments to be made to contributions plans without re-exhibition, including changes to the cost of public amenities and public services and local infrastructure contribution rates set out in the plan as a result of adjustments made in accordance with proposed Division 1B.
ONE of the reasons it was also knocked back in the inquiry … BECAUSE of the powers the Planning Minister will have!
NOW they are trying to push it through again!
HOW good’s this a matter of a few weeks before Christmas … THIS is what they (NSW INC) do!
URGENTLY WRITE YOUR SUBMISSION AND SHARE THIS TO LET OTHERS KNOW!
Even a few lines may well suffice!
AND ensure others know so you can each contribute!