Urban Taskforce Australia supports the move to rezone and redevelop St Marys but is concerned about the approach being taken by Council to fund local infrastructure.
The developer contributions rate is too high
While we recognise that the proposed section 7.12 levy has reduced from Council’s original request for 4.24%, that reduction has been marginal, and we believe that the rate is still too high.
A contributions rate of 4% will put many potential projects in the area at risk, undermining feasibility and deterring development.
It is increasingly becoming difficult to deliver housing density west of Parramatta, with the costs of construction outweighing the amount people are willing to spend on a new home.
To read the full submission, CLICK HERE