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ARTICLE · 14 JUNE 2021

Considering a purchase or lease subject to development consent? - some timely matters to consider

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The federal infrastructure plan aims to support economic recovery and new projects will unlock development opportunities.

AustraliaReal Estate and Construction
Kyle Bridge
Kyle Bridge
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In June 2020 the Federal Government announced a $110 billion 10 year infrastructure plan designed to build transport infrastructure to meet the needs of a growing population and to support the recovery of the economy and employment numbers in the fallout from the COVID-19 pandemic.

Targeted projects range from largescale Federal infrastructure down to local roads and community facilities operated by local councils.

Many of these projects will unlock development opportunities that become feasible with the construction of new or improved transport links nearby. In addition, such projects bring about land zoning amendments which open up the door to the commencement of new industries and businesses that could not previously be undertaken due to zoning constraints.

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