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Newcastle Herald
Newcastle Herald
Jamieson Murphy

New taxes make no housing development feasible in Lower Hunter: report

The Property Council says new housing developments are unlikely to be feasible with high construction costs and the new taxes. Picture supplied

Housing developers have slammed the state government for imposing new taxes in the middle of a housing crisis, which modelling says threatens to take greenfield and apartment developments off the table in the Lower Hunter.

The Property Council came out swinging following the release of its research that showed in the Lower Hunter, government charges made up 15 per cent of greenfield development costs and 7 per cent of infill development costs.

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