Are you affected by Western Parkland City Land Acquisition?
As of 2024, Austral, a suburb in Western Sydney, is experiencing a significant transformation. Once marked by rural properties with large two-hectare blocks, the area is now being redeveloped into a bustling suburb with substantial housing developments. Since 2019, the progression from rural land to a modern community has required extensive planning and infrastructure projects, turning Austral into a model of Western Sydney’s rapid suburban expansion.
Austral’s Redevelopment: Infrastructure for a New Community
Building a new suburb from the ground up involves substantial infrastructure work. The scope of Austral’s redevelopment includes constructing new roads, drainage systems, water pipes, schools, parks, and recreational facilities. Lincoln Council, Sydney Water, and the Department of Education are all actively involved in planning and implementing these projects in a phased approach to accommodate Austral’s evolving needs.
Legal Support for Property Owners
For property owners in Austral, redevelopment brings both opportunities and challenges. Many residents have encountered issues with land acquisition processes, as well as the complexities of selling land zoned for future public infrastructure projects. Several property owners are engaged in legal cases with government bodies, seeking fair compensation for their properties amid shifting market values and zoning regulations.
Under compulsory acquisition laws, if a portion of a property is zoned for public infrastructure, like drainage or parkland, its value in the open market may be significantly reduced. However, property owners can benefit from provisions that ensure they receive fair market value by disregarding this zoning when selling to a public authority.
Understanding Hardship Provisions in Property Acquisition
For property owners in Austral facing financial challenges, hardship provisions can accelerate acquisition timelines. Hardship cases might include situations such as deceased estates, financial difficulties, or other pressing needs to sell. If a hardship claim is accepted, property owners can proceed with a fair acquisition process, ensuring they receive market value without the devaluation typically imposed by zoning for public infrastructure. This provision is particularly useful for landowners who cannot afford to hold onto properties as redevelopment plans progress, allowing them to achieve a fair outcome while minimizing financial strain.
Why Property Owners Should Consult a Legal Expert
The intricacies of property acquisition laws and zoning impacts highlight the importance of consulting legal experts. Selling in the open market without expert evaluation could lead to undervalued transactions, especially when infrastructure plans are in place. Engaging with a knowledgeable legal team can help property owners navigate the complexities of infrastructure zoning, valuation, and acquisition options.
If you own property in Austral zoned for future infrastructure and are considering selling, or if you’re simply curious about your options, consulting with an acquisition law expert early can help clarify the best course of action. With Western Sydney's landscape evolving quickly, staying informed ensures that you’re prepared for the future, whether it means selling now or holding on for a fair acquisition later.
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How FM Legal Can Help
If you are affected by Transgrid, attending one of our regularly scheduled seminars or contacting us for a private discussion with our specialist, Flo Mitchell, can provide you with the guidance you need.
Why Choose FM Legal?
We are a specialist compulsory acquisition team that work tirelessly to fight for the right amount of compensation against the Government.
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