Increasing housing supply is only possible if the right infrastructure supports new homes and communities. We will boost infrastructure funding to accelerate the delivery of housing, while upgrading and preserving open spaces. We will ensure infrastructure works are aligned and prioritised to meet housing demand.
Boosting infrastructure funding to speed up the delivery of housing. This increase will ensure works that support housing are prioritised in locations that align with government planning and housing demand.
Special Infrastructure Contributions (SIC) help fund regional infrastructure to support communities across the state. SICs will be expanded to 10 additional areas across Sydney to help fund vital infrastructure in communities with significant housing growth.
Thresholds for Section 94 local infrastructure contributions will be set at $30,000 per greenfield lot and $20,000 per lot in other areas. Councils will be able to ensure essential infrastructure for growing communities is funded and delivered alongside new development.
The NSW Government will allocate additional funds to a number of growth precincts over the next three years under the phase out of the Local Infrastructure Growth Scheme. The Local Infrastructure Growth Scheme (LIGS) has been used to fund the gap between the maximum contribution that councils can charge and the determined infrastructure costs. The phase out of LIGS will help developers adjust to the change.
A 50 per cent discount on interest costs will be available for councils on up to $500 million of commercial or additional T-Corp loans provided under the ‘Fit for Future’ loan scheme for councils.
Page last updated: 12/07/2018