New fines for owners of derelict properties approved by mayor’s inner circle

The mayor’s inner circle has endorsed new fines to deal with empty and derelict properties.

If now approved by council, homeowners will be hit with a $225 fine for ignoring compliance orders for a third time and beyond.

Vacant building owners will be subject to an annual tax of one per cent of a property’s assessed value if the structure remains empty after five yearly inspections.

The plan is aimed at getting owners to redevelop, sell or demolish the building.