IPART has released a Draft Report on its assessment of Hawkesbury City Council’s Vineyard Precinct Section 7.11 Draft Contributions Plan (Vineyard CP). The plan applies to residential development in Vineyard Precinct - Stage 1. Our Media Release and Fact Sheet are available here.
The Vineyard Precinct is in Sydney’s North West Growth Area. Based on planning controls for the precinct, it will be home to a population of 7,489 in 2,459 dwellings.
Our recommendations would reduce total costs in the plan from $165.27 million to $129.79 million (in March 2018 dollars), which is a reduction of 21.5%.
Cost reductions primarily result from:
- Reducing costs to upgrade Boundary Road a collector road ($10.6m)
- Removing the cost of works for a drainage corridor not necessary for development in the precinct ($7.6m)
- Removing costs of embellishing land in two parks with extensive existing native vegetation (ENV) ($5.7m)
- Using lower values for constrained land and ENV land which must be acquired ($11.7m).
We have increased some costs, of both land and works, where the plan underestimated the reasonable cost the council would incur.
Indicative contributions in the plan are between $54,590 and $70,789. Our draft recommendations would reduce the contributions for equivalent lots to between $42,827 and $55,436.