1. Skip to navigation
  2. Skip to content
  3. Skip to sidebar




Property News

Green property investment encouraged by City of Sydney

July 05, 2012

Eco-friendly property investment may be more attractive than ever for Sydneysiders, with the city pledging increased incentives for environmentally-conscious developers.

The City of Sydney announced today (July 5) its plans to reward property developers and owners who invest in green initiatives in line with the Sustainable Sydney 2030 plan.

Under the proposed scheme, those who invest in sustainable building measures, such as green roofs and energy and water saving schemes, may be eligible for a tax exemption.

Sydney city lord mayor Clover Moore said introducing the green incentives would encourage property owners and developers to become more environmentally conscious when building a dwelling.

"Developers need to be innovative when designing for the future and it's essential for them to consider sustainable initiatives such as green energy, water harvesting and active transport," she said.

If the plan is approved, those developing green investment properties would be able to apply for partial exemptions and waivers of the development contribution levy.

The levy applies to projects valued at more than $200,000 in central Sydney and is injected back into public works across the city.



Related Articles

Brisbane's fringe the place for office rental in the city

Those on the hunt for commercial real estate may want to look at Brisbane's fringe, according ...
read more

Brisbane industrial property a safe bet for investment

There is growing demand for industrial property in Brisbane, the latest report on the city's ...
read more

Major developments coming to south east NSW

While most everyone knows about the major changes coming to the city of Sydney, the largest city in ...
read more

Latest Articles

Increased construction figures across New South Wales highlight investment strength

Buyers looking for a great area to consider land investment and property construction in the near ...
read more

Regional Victorian home values increase significantly during last 12 months

Regional Victoria has seen house prices rise again during the last quarter, with new data ...
read more

RP Data: Quarterly rental data highlight slowing capital market

Owners of investment property could be interest to see the latest statistics from RP Data, with the ...
read more