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ARTICLE · 05 JANUARY 2015

60 seconds with Robert Wilcher on challenges for property developers in NSW

Hunt & Hunt
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Robert Wilcher, Partner, speaks about the challenges and environmental liabilities for property developers in NSW.

AustraliaReal Estate and Construction
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Robert Wilcher, legal adviser in planning and environment law in NSW, talks about the challenges and environmental liabilities for property developers in NSW.

Q In your view, what are the major challenges facing the property industry?

A They are the complexity of the planning system in NSW, the difficulty of obtaining bank credit and limited land supply. The banks are freeing up somewhat now, but the planning system is not. It still remains highly politicised, lacks clear state driven direction and is often frustrated by conflicts between state and local government and interest groups. Meanwhile, the high demand for land, especially residential stock, means that land owners are asking prices for development sites that exceed developers' budgetary parameters.

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