Penrith. Agreement with council

The Housing Industry Association (HIA) and Independent Pricing and Regulatory Tribunal (IPART) have agreed with Penrith City Council’s view on developer levy caps and called for the state government to find a workable solution and make suburbs liveable. “The former state government legislation to cap developer levies, currently still in force, is unworkable for ratepayers, developers and communities. The cap simply does not allow enough funds to be raised in many areas to pay for infrastructure, such as parks, sporting fields, footpaths and other necessary community facilities,” Penrith Mayor, Greg Davies, said.