Blacktown council has rezoned the Riverstone and Alex Avenue precincts for 15,000 new homes, serviced by six new schools, parks, playing fields and the Richmond train line. But developers are saying they doubt the houses would be built under present market conditions.
The CEO of the Urban Development Industry Association NSW, Stephen Albin, says "these release areas are an important case study in demonstrating the difference between rezoning land and actually bringing houses to market."
"Local council development levies are likely to be $50,000 a lot, and state infrastructure levies another $17,000," says Urban Taskforce, another developer group. "The levies are too high and the cost of trying to consolidate the different land holdings is too great to make development viable."
Brad Hazard, NSW opposition spokesman for planning, said "the NSW housing crisis is real but Tony Kelly's Riverstone solution is anything but real. Effectively the rezoned land will take years to become viable as a serious development site."
A spokesman for Mr Kelly said that the construction of the new dwellings will happen "potentially over two decades, which allows insfrastructure and growth to be staged."
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