Sydney Faces 50% Water Bill Increase Amid Infrastructure Strain
The proposed hike aims to fund essential upgrades as the city's rapid growth outpaces existing water systems.
- Sydney Water has requested an 18% increase in water bills next year, with annual rises of 6.8% plus inflation, potentially raising bills by $729 by 2029.
- The increase is intended to support a $34 billion investment in new infrastructure to accommodate the projected growth of 300,000 new homes.
- The Independent Pricing and Regulatory Tribunal (IPART) will review the proposal, with public input open until November 29, and a decision expected in March.
- Sydney Water acknowledges the financial burden on households and plans to offer up to $1 billion in support through bill assistance credits and rebates.
- The Property Council of Australia supports the increase, citing the necessity for new water infrastructure to meet state and federal housing commitments.