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Sydney landowners gain more dev...

Sydney landowners gain more development scope

The NSW government is looking to improve development prospects for plots of land considered unusable.
Landowners in Sydney will soon be able to develop blocks that were previously considered useless under new plans from the New South Wales (NSW) government.

Australian Property Investor reported that the NSW government is intending to establish ways to make it possible to develop these lots.

It is estimated that 10,000 lots, particularly on the outskirts of Sydney, are considered useless as they are not properly linked to transport, are oddly shaped or are too small.

Minister for planning and infrastructure, Brian Hazzard, said that no land was set aside to allow for roads, footpaths or proper drainage when these lots were sold.  

Recently, the NSW government has been planning ways to see growth in the housing market. It has drafted a Metropolitan Strategy for Sydney, which aims to see 110,000 more houses built in Sydney and a further 60,000 considered in the future. These new houses will be built close to transport links.

Posted by Steve Douglas

 

 

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