Business News

The property industry hopes imminent planning reform will address the inefficiencies surrounding infrastructure initiatives funded by developer contributions.

More than $230 million of developer-contributed funds for community infrastructure is sitting in local government-managed bank accounts waiting to be spent, according to a new report.

The ‘Finding the Future: Improving the Governance of Developer-Funded Infrastructure’ report was commissioned by the Urban Development Institute of Australia WA, as part of its advocacy work surrounding Developer Contribution Plans (DCPs).

To read the full article including extensive comments from UDIA WA CEO Tanya Steinbeck, UDIA WA Vice president Jeremy Cordina and UDIA National Treasurer Darren Cooper, click here.