High infrastructure charges that stall new projects, cost jobs and push up the price of housing in Queensland are now a thing of the past following the passing of the Sustainable Planning (Housing Affordability and Infrastructure Charges Reform) Amendment Bill on 25 May 2011.
The Bill aims to establish, through State planning regulations, a transparent ‘adopted infrastructure charge’ for trunk infrastructure. This will cap prices and simplify land supply and planning processes.
With set infrastructure charges now in place, land developers will know upfront what their infrastructure charges will be, a crucial factor in providing certainty for housing developments.
The new streamlined process is expected to stimulate growth, generate jobs and improve housing affordability for Queenslanders.
For more details, please contact Affinity Lawyers