The Property Council conditionally accepts the indicative rate increase for Sydney Water customers as a necessary funding stream for sustainable water service delivery. However, we seek further clarity on how this interacts with infrastructure contributions through the recently introduced Development Servicing Plan (DSP) charges.
The development industry is under increased pressure to deliver more housing under a constrained operating environment. Any increase in charges need to be considered in this context and how it may impact industry’s capacity to deliver homes for NSW residents. This is particularly important during the National Housing Accord period where NSW has a target to deliver 377,000 new homes by 2029.
