UDIA NSW news
The submission addresses the key concerns of our industry:
- Lack of certainty and detail in the draft regulation and its associated documentation, as some elements are yet to be calculated or finalised, and no information on biodiversity offset ratios having been provided by the Office of the Environment and Heritage.
- Reliance on unproved and/or unreliable mapping and databases; and
- Failure to determine the cost of the implementation of the BAM and the Biodiversity Credits required – and the consequent additional cost to home buyers.
- Preliminary modelling has forecast an additional cost of $30,000 per lot as a result of these proposed reforms.
The full submission can be downloaded here.