Proposed planning rules an investment threat
Proposed changes to planning rules are a threat to hundreds of thousands of landowners, according to the Urban Taskforce Australia.
Developments in Sydney, Perth, Brisbane, Melbourne and Canberra may be jeopardized by new rules under the Draft National Airports Safeguarding Framework that looks to alter planning regulations around all the airports in Australia, Urban Taskforce Australia chief executive Chris Johnson said.
“In particular, the report by MacroPlanDimasi reveals that 134,300 new dwellings with a total value of $33.5 billion could be threatened if the proposed system takes effect,” Mr Johnson said.
"There seems to be no regulatory impact statement as required by COAG, no assessment of the billions of dollars of property investment that could be effected, no explanation of the logic behind the proposed controls and a questionable bias against greenfield housing over brownfield developments.”
The new rule proposals are in response to noise complaints and, if implemented, could affect up to 1,000sqkm of land and result in planning chaos, Mr Johnson said.
The plan aims to ensure that land is zoned to avoid inappropriate noise-sensitive developments near airports.
"On behalf of the dozens of councils and many hundreds of thousands of landowners around airports the Urban Taskforce believes the Draft National Airports Safeguarding Framework should be scrapped immediately and that all governments should retain the current ANEF system,” he said.
The Draft National Airports Safeguarding Framework is currently available for public consultation until March 15.
Want to see more stories from trusted news sources?
Make Smart Property Investment a preferred news source on Google.
Click here to add Smart Property Investment as a preferred news source.
Free investor loan check
Better property decisions start with smarter lending.
A free 15-minute finance check for property investors.
What are your lending goals?
Choose a goal to request a callback.
Ready to talk?
Book a 15-minute call →Finni Pty Ltd · Australian Credit Licence 384324 · Privacy