Frenchs Forest … Allambie Heights … forever changed by NSW INC Rezoning …
This project has been ongoing for some time now, and evidently revised further during COVID. Rezoning Frenchs Forest and releasing a draft place strategy.
In the process sadly many lost their homes, and/or amenity and their community rights through the rezoning.
The government has released a draft place strategy that calls for a new town centre created around the relocated school, 1,000 new homes and 1.5 hectares of new public open space.
15 percent ‘affordable housing’ an improvement of 5 percent!
New homes in apartment blocks up to 12 storeys, townhouses and terraces.
Another 1000 homes for surrounding ‘transition areas’ …
Meanwhile through onshore proxies and Juwai, overseas buyers too can gain benefits and buy Australian real estate if they are an:
‘Australian permanent resident’, a ‘foreign citizen living in Australia or outside Australia’!
It would seem this is why where we have lived has forever changed!
Much higher density and smaller ‘homes’ … for heap$ more!
And back in October 2018 Scomo’s guvmnt exempted the real estate gatekeepers from the Anti-money Laundering Laws … so this folks – ‘hot money’ – is what we are up against … side deals too … and this perhaps explains why house prices continue to escalate!