The costs of developing land in Mullumbimby is set to drop by almost $12,000 in a new plan released by Byron Shire Council this week.
Under the proposed new fee structure, section 64 development costs in Bangalow, Ocean Shores and Brunswick Heads would also fall but Byron Bay development costs will rise.
The plan will see developer costs across the shire capped at $25,130.
Under the current plan, Byron Bay developers contribute just $20,653, while those in Bangalow, Brunswick Heads and Ocean Shores pay $30,593. Mullumbimby developers pay far and away the most: $37,739.
Byron mayor Simon Richardson said Council had been approached by numerous residents about the costs associated with building a house in Mullumbimby as compared to Byron Bay.
‘We listened to those concerns and the proposed new section 64 developer contribution fee,’ he said.
‘The reduction in development costs of just around $12,000 per house will see a significant reduction in housing construction costs and hopefully add stimulus for housing affordability within the shire.’
