Each new house in the proposed Austral and Leppington North land release areas will attract a Liverpool Council developer levy of around $60,000, says the Independent Pricing and Regulatory Tribunal (IPART).
The levy would raise around $1 billion.
In releasing its draft report on the contributions that Liverpool City Council can levy on developers in these two precincts, IPART said around 16,000 new dwellings will be produced.
It said the council will use the contributions it collects to fund the open space, stormwater, transport infrastructure and land needed to support the development.
The contributions plan covers around 1,500 hectares across Austral and Leppington North and is expected to provide infrastructure to 16,000 new dwellings and a population of up to 58,000, with capacity for an additional 13,000 jobs in the area.
“It will include new town centres for Austral and Leppington, a stormwater system to manage major flood events, 12.6km of new or upgraded roads, pedestrian access and 106ha of open space for residents,” said IPART member Deborah Cope.
Liverpool City Council proposes to levy a total of around $1 billion in developer contributions to provide the infrastructure needed to service the new area.
IPART says in its draft report that it expects that this will result in contribution rates of approximately $60,576 for a typical home.
It says its analysis has found the infrastructure costs in the plan are essential and reasonable, and that public consultation has occurred.
IPART say there is a possibility the council’s costs might turn out to be underestimated and is recommending council review its costs within the next two years, including the actual costs from implementation of the plan.
It also found that the provision of open space in the plan is below the council’s benchmarks and have recommended the council explore options it has suggested to mitigate this shortfall.
Comments on the draft recommendations will be accepted until Monday, June 9.
“IPART will consider all comments in making our final decision,” Ms Cope said.
The final report will go to the minister for planning by August.
The draft report is available on IPART’s website www.ipart.nsw.gov.au.
