Sydney's growth areas are large, with thousands of new homes planned. Because of this, it can take years for the entire area to develop completely. If we build all the infrastructure required for the long term, many assets would be underused for many years.
One of our objectives is to operate as a successful business. This means we must:
- target our capital expenditure to areas likely to develop in the short term
- provide a return on our capital investment.
Once an area has been rezoned, developers need to prepare and lodge development applications for the subdivision and development of their properties. This process can a long time, so there's usually a gap between when an area is rezoned and when the first new home is built.
Smaller water pipelines in new release areas are usually laid in road reserves. It's often more efficient and effective to have developers lay the infrastructure as they're building the roads for a new housing development.