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North Sydney Council Faces Developer Backlash Over Proposed 87% Rate Hike
North Sydney Council is proposing an 87.05% property rate increase over two years, sparking outrage from developers like Stockland, Mirvac, and Lendlease, who warn of crippling business impacts and a decline in the CBD's revival due to increased costs and already high vacancy rates.
North Sydney Council Faces Developer Backlash Over Proposed 87% Rate Hike
North Sydney Council is proposing an 87.05% property rate increase over two years, sparking outrage from developers like Stockland, Mirvac, and Lendlease, who warn of crippling business impacts and a decline in the CBD's revival due to increased costs and already high vacancy rates.
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