Sydney Water’s proposed 50 per cent hike in water rates is too big an ask.
Sydney Water’s sudden demand for a 50 per cent rise in water rates is a wake-up call to residents, of the hidden costs associated with constantly rising houses prices and demands for growth and who is going to pay them.is seeking an 18 per cent increase in water bills in the next financial year, followed by yearly rises of 6.8 per cent – plus inflation.
Sydney Water rejected the criticism, pointing to its $34 billion capital works program over the next decade, of which 47 per cent is targeted at servicing growth. Now, out of the blue, comes a demand for permission to charge Sydney residents 50 per cent more for water bills. If IPART agrees, the increases would take effect in June next year.
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