Council to build sewerage main
CHRISTMAS just became a whole lot merrier for Lismore land developers and real estate agents.
The Lismore City Council has announced it will fast-track a sewerage trunk main to service new land in Goonellabah and East Lismore, which will allow construction to begin in three years, rather than nine.
Council’s executive director for sustainable development, Brent McAlister, said the decision would also unlock sought-after parcels of land throughout Lismore.
He said the sewerage main project would allow immediate rezoning of three new areas at Invercauld Road, Chilcotts Grass and the Crawford land near Southern Cross University, which would open up between 500 and 600 new lots.
“Some subdivision applications have been held up due to sewerage capacity issues,” Mr McAlister said.
“They can now proceed as the ability to connect to the sewer is assured.
“In the big picture this is a significant decision which will be instrumental in supporting the future development of Lismore’s housing market and economy generally.”
Real estate agent Paul Brown, from Wal Murray Lismore, said the city had long suffered because of a land shortage. “We are badly lacking land and we’ve been losing buyers to places like Alstonville and Ballina,” he said.
He praised the council for taking steps to address the issue.
“It’s good to see because we definitely need new land to get people to Lismore,” Mr Brown said.
Real estate agent Paul Deegan, from LJ Hooker Lismore, said the sewerage main fast-track was a good ‘first step.’
“You can’t build anything without infrastructure like that,” he said. “We need to maintain a steady growth in Lismore so businesses and people can prosper.”
Mr Brown said the council announcement came on top of a bumper pre-Christmas period for the real estate industry.
Real estate researcher Tim Lawless, from rpdata.com, said Christmas was always a busy time for the industry.
“With the hype and fanfare around the busy Christmas period, coupled with the mass exodus that takes place from the cities, you’d expect this to be one of the slowest times of the year for property sales,” he said.
“Week-by-week analysis actually reveals the opposite and in some cases the lead-up to Christmas can actually be one of the busiest times of year. The trend of sales volumes over the coming Christmas period will be interesting to watch.”