Council delivers on planning reform for company title dual occupancies

about 1 year ago
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Owners of company title dual occupancy premises in Randwick City can from today, 17 August 2018, seek to have their properties subdivided into strata or torrens title.

The changes are part of amendments made to the Randwick City Local Environmental Plan 2012 which permit attached dual occupancies with consents granted before 6 July 2018 to subdivide.

Randwick Mayor Lindsay Shurey said the changes deliver on the Council’s commitment to help property owners affected by banks tightening lending on company title premises.

“Late last year we were approached by many property owners of dual occupancies expressing concern that buying and selling company title premises was becoming increasingly difficult due to banks tightening their lending practices.

“We committed to review our planning controls for existing property owners and consulted thoroughly with the community. I heard from dozens of people at a public forum in March talking about the uncertainty and financial hardships they faced.

“Consequently I met with the Minister for Planning Anthony Roberts along with the Member for Maroubra Michael Daley in April 2018.

“Minister Roberts agreed to fast-track amendments to our LEP and he has today delivered on that promise, giving affected residents and their families financial certainty,” Mayor Shurey said.

Affected property owners can now lodge Development Applications seeking to subdivide in accordance with the new provisions.

For further information please contact Randwick City Council’s Planning Department on 1300722542 or email council@randwick.nsw.gov.au

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