New developments in the city’s north-west can’t be approved for sale because of a problem with a pipe Sydney Water won’t fix until next year.
Hundreds of newly constructed homes in Sydney’s north-west are sitting empty because of a months-long delay by Sydney Water to connect homes to its sewerage system.
“Unfortunately, we will not be able to issue Section 73 certificates to new developments within the area until works are complete, or an interim solution is in place,” the letter read. It is unclear how many developments are affected by the issue. A Sydney Water spokesperson said in a statement the agency’s work involved the duplication of a section of pipeline.
“A developer generally buys the land and … effectively has to take out a huge loan to pay for the construction costs, land costs, that all eat into profit. The developer has to look at the feasibility of profits,” he said. “Banks are wanting a 20 per cent return on any work before they lend for it.”
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