Riverstone development plan wins landowner support
Property owners in the Riverstone Scheduled Lands Precinct A (Stages 1-3) in Sydney’s Northwest have voted overwhelmingly in support of a proposed development plan that will enable the subdivision of their existing lots and deliver essential infrastructure and services.
Of the approximately 50 landowner groups, 80% voted in favour of the proposal, representing close to 90% of the land held in Precinct A (Stages 1-3).
Under planning legislation that is unique to Riverstone and other ‘paper subdivisions’ in NSW, a ballot was held in March to allow landowners to vote on a proposed development plan that would create a new subdivision over their land. A minimum 60% of landowners owning 60% of the land needed to vote in favour of the plan before it could go ahead.
The result was declared this week by KPMG, who acted as Returning Officer for the ballot.
As the development coordinator, UrbanGrowth NSW created a new development plan and incorporated the planning changes from the housing diversity package that allows for a variety of lots ranging in size from 300m2 to 500m2.
The Minister for Planning will decide whether to issue the subdivision order, allowing implementation to proceed over the next 12 months.
UrbanGrowth NSW will hold information sessions for landowner groups in June to explain the next steps in the subdivision process.