What will the End Stage of the Sydney Metro mean?

WHAT will the end stage of the Sydney Metro mean?

It would seem that conveniently ‘Under the cover of Covid’ the planning is well underway for ‘A Nine (9) Million Sydney’

the $8Bn WSA line, the final stage of the $27Bn Sydney Metro network; additional 23 Km of railway approved

-almost 50 stations more than 100 Kms of track to carry 40,000 commuters per hour

-Tallawong to Chatswood line is already operational

-Sydney Metro West, a State Significant infrastructure project to service Westmead, Greater Parramatta, Sydney Olympic Park, The Bays Precinct and the Sydney CBD

.and North Strathfield, Burwood North, Five Dock

-expected to handle 10 million passengers a year;  and 82 million travellers by the 2060s

-to service Bradfield, planned 3rd city of Sydney; site north of Bringelly

https://www.theurbandeveloper.com/articles/sydneys-third-city-bradfield-badgerys-creek

.June 2021 received $1.15Bn commitment from NSW INC coffers

.massive 1780ha site to destroy bushland and paddocks for a hub of international travel, advanced manufacturing and skilled education

-to support around 14,000 jobs, including ‘a mere 250 apprentices’

READ MORE! 

‘Final Stage of $27bn Sydney Metro Approved’

https://www.theurbandeveloper.com/articles/sydneys-third-city-bradfield-badgerys-creek

The Sheriff of Nothing Done … really?

May be an image of 1 person and text that says 'The Sheriff of Nothingdone'

Image: Shared from Social Media

The Sheriff of Nothing Done … really?

IT would seem ‘nothing done’ of what shoulda have been done …

BUT lots of what should never have been done!

Scomo wrote the policy for the deve-loper lobby the Property Council of Australia before entering politics; the industry now has direct control of the country …

SEARCH for ‘A closer look at Scott Morrison’s CV’

how Scomo parachuted into Cook

https://www.smh.com.au/politics/federal/nasty-saga-you-nearly-missed-20091025-hem5.html

a closer look at Scott Morrison’s CV

https://www.msn.com/en-au/news/australia/comment-a-closer-look-at-scott-morrisons-cv/ar-BBTqoLg

Morrison Government exempted Real Estate Gatekeepers from Anti-Money Laundering Laws: October 2018

https://www.afr.com/companies/financial-services/real-estate-agents-lawyers-and-accountants-to-avoid-money-laundering-laws-20181008-h16dcd

why does Scomo back high immigration esp. through temporary migration like that introduced by Howard?

Scott Morrison backs big Australia at COAG’

State Significant Approval for Deicorp’s Tallawong Village

LANDCOM Appoints Developer for SYDNEY METRO: Tallawong Station Housing Project
CAAN Photo of the Tallawong Village site 2018/2019

*DEICORP is about to start work on its largest project to date … $332M Tallawong Village after gaining STATE SIGNIFICANT approval for a SEVENTEEN (17)-building development in Sydney’s north-west … next to the Sydney Metro Tallawong Station.

WILL Planning Minister Stokes, having said that, ‘increasing our housing supply …. to provide more opportunities for first home buyers to get into the market’, will he be speaking to the PM to enquire about putting a stop to the FIRB ruling allowing deve-lopers to sell 100% of ‘new homes’ to foreign buyers particularly in China? Or from Hong Kong … Singapore?

-of the 987 homes in Tallawong Village; a mere 50 would be affordable housing

READ MORE!

Deicorp’s $332m Tallawong Village Wins Approval

https://www.theurbandeveloper.com/articles/deicorps-332m-tallawong-village-approved?utm_source=TUD+-+Daily+Briefing&utm_campaign=9221d14d44-EMAIL_CAMPAIGN_6_11_2021_9_36_COPY_01&utm_medium=email&utm_term=0_982c36d415-9221d14d44-195692726

For a little background on Deicorp … no doubt the Building Commissioner will be aware …

In 2020:

https://bit.ly/3rwJ8mN

In 2019:

https://bit.ly/2Tw6ht1

WHY is the Housing Market Insane and Out of Reach for Young Australians?

The exclusive survey, conducted for The Sydney Morning Herald and The Age by research company RESOLVE Strategic,* heard from voters who had attended housing auctions this year, and came away saying “people were in shock” from the surge in prices.

*RESOLVE is a company with strong links to the Liberal Party founded by Mr Reed, a director of CT Group formerly CROSBY TEXTOR

IS the Liberal Party now worried with …

-69% of those surveyed now realize the high house prices cannot be good for Australia

60% of voters saying young people in their area will never be able to buy their own homes

… are they now realizing that the government grants and low interest rates have in fact benefited the banks, developers, home sellers, real estate agents … not buyers hit with escalating house prices?

KEY POINTS WE GLEAN FROM THE COMMENTATORS … have a think about these BECAUSE they make more sense!

-AUSTRALIA is badly exposed to winds of international interest rate moves; interest rates are picking up in the U.S. now clouds on the horizon for mortgagees

your home rises in value; to buy back into the same market even if downsizing the gains are meaningless; in fact likely they disappear!

-it is just MONOPOLY MONEY

‘retirement villages’ don’t just cost a motza to buy into; they cost a fortune in ongoing fees so what you gained from the sale of your home will be eaten up

-this Government are positioning us to make sure that the average person exhausts their ‘wealth’ while still alive through reverse mortgages etc.

-serious action is needed to shift ownership back to owners; not investors

.how about allowing owner-occupiers to make 50% of their mortgage payments out of pre-tax income?

Torrens Title housing and apartments are unaffordable in the eastern suburbs, north and lower north shore suburbs, inner west suburbs due to close proximity to Sydney CBD

-Torrens Title housing in south-west Sydney also has become unaffordable; land releases here have led to loss of our peri urban farmlands (our Sydney Foodbowl), flora and fauna and koala habitat

.with inadequate infrastructure esp. sewerage

-north west Sydney land and house prices also surging despite much of this land being flood prone

-the Liberal Party played to the greed of negative gearing beneficiaries, capital gains discounts and the free from tax retirees (dividend imputation – aka franking credits – free money)

-PM Howard started this with the “first home owner’s grant” of $14,000 that saw house prices rise three times

-the system is rigged by the wealthy who avoid tax and acquire property after property paid for by their tenants; thus making the young and poor subsidise them

-one personal Super Fund (one individual) has more than $560M in Super; no tax!

-regional Australians are also experiencing high housing costs along with costly and scarce rental homes

-the RBA is wilfully pursuing monetary policy which destroys future growth, at little or no benefit to the economy now

we need a new paradigm for home “ownership”. Why should young people looking for shelter and security have to compete with the already rich wanting an investment?

-something is desperately wrong in our economy when non productive assets (housing) attract so much attention and productive assets (a business e.g. in hospitality) are allowed to fail

too many incentives for investors incl. foreign investors with too many decision makers benefiting

-our young people need ‘a Fair Go’; they are the future!

WILL Voters make the connection?

… Imagine if Labor had won the last Federal Election in 2019, and implemented the whole suite of its policies around Housing Affordability?

How different would it be now?

Sadly Labor is not likely to repeat this, and we now have what we have!

A return to the pre-War inequity of Home Ownership

VIEW THE GRAPH; we were not able to copy it!!

https://www.smh.com.au/politics/federal/the-market-is-insane-many-voters-fear-home-ownership-is-out-of-reach-for-young-australians-20210722-p58c57.html?fbclid=IwAR0ObSccld1yNCLa-WNhco8yBoOBeoHRLEJcx0X9MkS70d3IgMlooV4jRoQ#comments

NSW Inc Sydney Rezoning Blitzkrieg

SYDNEY REZONING BLITZ for more than 16,000 homes, and a new industrial precinct including:

-2400 new homes for Leppington Precinct stages two and five

-7000 homes for Lowes Creek Maryland

-7000 homes in Glenfield around Hurlstone Agricultural High School

AND …  NSW government endorsed Camden’s Local Housing Strategy to enable the council to meet the future housing needs of the community

The NSW Government has accelerated the rezonings for the next BOOM for deve-lopers … the Greenfield Housing Sites released allegedly, a result of the Pandemic!

How convenient for deve-lopers feeling the heat from the Building Commissioner, and loss of insurance coverage perhaps?

Greenfield Sites’ sounds good, doesn’t it? But will it mean under the Greenfield Housing Code … lots as tiny as 200M2 X 6M wide, and with a maximum gross floor area 78% of the lot size … ?

Perhaps street trees may grow?  Will any surrounding bushlands remain? 

This Code commenced on 6 July 2018 … introduced by then Planning Minister, Anthony Roberts

HOW have we come to this land and housing supply shortage?

Was it due to the deve-loper led FIRB ruling allowing them to sell 100% of ‘new homes’ overseas particularly in China?

With our housing now awash with ‘Black Money’ … because the Real Estate Gatekeepers were made exempt from the second tranche of the Anti-Money Laundering Laws in October 2018 by the Morrison Government.

READ MORE!

https://bit.ly/3x1OEix

While we are preoccupied with the Pandemic Who is buying in Vaucluse?

Investor Ying Yu has added to her already hefty property portfolio, buying an $8 million house in Vaucluse on the quiet to create a family compound on a prime hillside holding with gun-barrel Harbour Bridge views at a total cost of more than $32 million.

Is Ying an onshore Proxy?  Her registered home remains the Mosman residence.

-in September 2019 she purchased a 9-storey building in North Sydney;  George Patterson House, for $115M.

-October 2019 Mosman trophy home for $20M from Wilson Xue, known as China’s ‘Shoe King’; and an advisor to Australian Council for the Promotion of Peaceful Reunification of China

-2020 a Vaucluse mansion with a tennis court and swimming pool for $17.5M, and the house next door for $7M

Yu’s $32.55M parcel of three houses in Vaucluse and her Mosman property were all purchased without any finance

Yu’s Vaucluse parcel of more than 2200 square metres

READ MORE!

Little-known property investor quietly secures $32m housing parcel in Vaucluse

https://www.domain.com.au/news/ying-yu-sister-in-law-of-wilson-shoe-king-xue-buys-8m-house-as-part-of-32m-vaucluse-consolidation-1073532/

Related Articles: 

View this and the link to Su-Lin Tan’s article:

https://caanhousinginequalitywithaussieslockedout.com/2021/07/21/a-few-words-on-su-lin-tans-chinese-buyers-abandon-australias-housing/

According to Juwai, Monica Tu and Martin North they are still buying! What will slow them down will be the Delta strain.

https://caanhousinginequalitywithaussieslockedout.com/2021/07/08/why-wouldnt-82-of-survey-respondents-blame-buyers-from-china-for-our-high-house-prices/

A Few Words on Su-Lin Tan’s ‘Chinese Buyers Abandon Australia’s Housing’

Residential housing in Sydney. Home prices in Australia are booming again, despite a drop in the number of Chinese buyers. Photo: EPA

Photo: EPA

IS it a case of collective amnesia that we keep deleting from our understanding that somehow we ought apologise for being in any way critical of a Communist dictatorship?

And those that uphold it, and defend it ought to be immune from any criticism?

How is it we are having to defend our position
as one of the majority of countries that happen to be liberal democracies?

How is it our media and our political system are inherently wrong?
  And how dare they be cynical of so-called ‘investment’ in Australia’s domestic real estate when in such totalitarian countries it is prohibited?

Monika Tu, founder and director of Black Diamondz Property, whose clients are mainly Chinese citizens with ‘Australian residency’ working and living abroad, predicts that when the borders open they will flood back in … some are seeking $10M home. 

But will they be seeking our detached homes with large land lots in green suburbs too? Hm …. Will they be coming from China, Singapore, Hong Kong, the United States, Canada, and the United Kingdom too?

Once again the ‘exchange rate’ is in their favour!

And, they are seeking larger apartments to live in, to retire in Australia, or to send their children to study. 

Martin North, Digital Finance Analytics, also notes ‘there’s been a swing away from foreigners looking to invest to people wanting to move here.’ And that they are more interested in buying land and larger properties!


Why is every criticism labelled as a racist attack?  When what is happening in Australia is a Ponzi Scheme!

Besides how can the democracies be criticised when what is happening in Tibet and Western China somehow is okay?

Then there are these local academics having their say, well where’s the proof?  Where is the peer reviewed data?

Are we witnessing those locked in to a university business model currying favour with their patrons and overseas contacts in the hope the foreign student money making machine returns to their campus rather than elsewhere?

Further, these articles critical of foreigners buying Australia’s domestic housing are also being critical of OUR GOVERNMENT for allowing it to happen!

What country could justify the purchase of housing by foreigners over their own people?

Some of us remember an Australia before the high immigration through Visa Manipulation introduced by the Howard Government when we had 70 per cent home ownership for Australians!!!  Our housing was not sold overseas, and we had sustainable permanent migration of 70,000 per annum!

Does the reader get the impression this article from Su-Lin Tan is attempting to justify a view that there is a sense of entitlement prevailing? 

That those from the Middle Kingdom should not be faced by any impediment if they choose to buy housing in Australia?

Heaven forbid should an Australian wish to buy housing over there – it simply won’t happen!

This belief in being ‘special’ is there too, and that is mainly our fault, or at least a reflection of the stupidity of our policy makers.

It did not apply to them !!!!!

Of course, we are going to see more articles like this, pouring scorn on those who dare to challenge what is happening to our domestic housing market, but this is what we do here, they don’t over there!

Besides what ‘country’ would be defending those who are leaving, and spending their money elsewhere?  Could it be it is part of a bigger plan? *

WE suggest there is more to this than meets the eye!

FROM SU-LIN TAN: SOUTH CHINA MORNING POST

Su-Lin Tan joined the Post in 2020 after the Australian Financial Review where she covered housing and commercial property, Asian business and street talk and investigations.

READ MORE!

https://finance.yahoo.com/news/chinese-buyers-abandon-australias-housing-093000727.html

Or:

https://www.scmp.com/economy/china-economy/article/3141246/chinese-buyers-abandon-australias-housing-market-still-get

New Condamine Street Manley Vale Apartment Development latest to be handed Orders by Building Commissioner

ATLAS CAPITAL & EQUITIES, the developer of the building on Condamine Street in Manly Vale, was handed orders on Monday to rectify defects in the complex’s waterproofing and car-stacking system.

issued a prohibition order that prevents it from settling with buyers of off-the-plan apartments

– Inspectors found that serious defects could arise from waterproofing of balconies and the installation of a system that stacks cars

-and determined that a lack of safety measures for the stacker could result in serious injuries

From a Commentator:

‘NEVER, no matter what the inducement, buy an apartment off the plan. Wait until construction is completed and an occupation certificate has been issued, and get a defect inspection done as well. It’s a small cost compared to the potential disaster if defects are cleverly concealed.’

READ MORE!

https://www.smh.com.au/national/nsw/apartment-complex-in-sydney-s-north-latest-to-fall-foul-of-watchdog-20210720-p58bap.html#comments

Academics reveal how Public Universities have been Ransacked under Covid

SOME OF THE MANY KEY POINTS!!

Scomo Govt denied Public Universities the JobKeeper subsidy; a key role in undermining them

-by February 2021 more than 17,000 university staff lost their employment

-Scomo Govt passed the JOB-READY BILL to CUT FUNDING FOR DEGREES; and increased fees for Humanities and The Arts

-Scomo Govt gave JobKeeper payments to PRIVATE SCHOOLS and PRIVATE HIGHER EDUCATION PROVIDERS

private and Catholic schools propped up; another Howard-era practice cont’d by Abbot, Turnbull and Morrison

-ANU vice chancellor Brian P Schmidt pointed out that this lack of investment has implications for the entire nation going into the future

-with universities forced to prop up the research they undertake via student fees

**- the sector’s reliance on students from overseas is itself a symptom of the government’s failure to support universities

READ MORE!

Morrison Has Gutted Public Universities Under Cover of COVID

https://www.sydneycriminallawyers.com.au/blog/morrison-has-gutted-public-universities-under-cover-of-covid/

RELATED ARTICLE: https://www.australianunions.org.au/2021/07/12/australian-universities-intellectual-sweatshops-must-end/?utm_source=onesignal&utm_medium=browser_alert

Why wouldn’t 82% of Survey Respondents blame Buyers from China for our High House Prices?

May be an image of 3 people, people standing and outdoors

APART from the very low interest rates, the Morrison Government Grants, and the short supply of housing, pushing up house prices, Australians have witnessed the high immigration from China that arose in the 2000s, and many Australians have been outbid at auctions

WITH more than 80% of Australians knowing that foreign buyer competition particularly from China has driven up house prices … does ‘the Truth hurt’? Namely, those who benefit most?

WHY would Naaman Zhou write in Guardian Australia that ‘More than 80% of Australians mistakenly believe Chinese investors are driving up house prices’?

We suggest the survey and data Naaman Zhou is basing his report in Guardian Australia is now out of date!

Because Monika Tufounder and director of Black Diamondz Property whose clients are mainly Chinese citizens with Australian residency working and living abroad predicts that when the borders open they will flood back in … some are seeking $10M plus homes, but will they be seeking our detached homes with large land lots in green suburbs too?  Hm … .

Not only will they continue to come from China but Singapore, Hong Kong, the United States (Canada too?) and the United Kingdom. 27 of the 29 Sydney properties listed by Black Diamondz sold recently.

Once again the ‘exchange rate’ is in their favour!  With Australian housing more reasonably priced than Japan, London, New York, Beijing and Shanghai!

These $20 – $30M buyers having made their offers are holding off to exchange when they can return to see the property.

The pattern is repeated in Melbourne’s eastern suburb of Box Hill, where sales and marketing director, CBD Development, Ricky Chen is seeing enquiries pick up again for a mixed-use high-rise development with hotels and retail space. 

They are seeking larger apartments to live in, to retire in Australia or to send their children to study.

Martin North, principal of property research firm Digital Finance Analytics, also notes ‘there’s been a swing away from foreigners looking to invest to people wanting to move here.’  And that they are more interested in buying land and larger properties! 

Read more!

https://www.abc.net.au/news/2021-07-02/chinese-overseas-buyers-australia-property-housing-investors/100259470

Have our politicians including Premier Berejiklian been promoting our success in fighting Covid-19, and our beautiful country to entice foreign investment with its many added benefits of a Permanent Resident Visa following purchase?

Many Chinese have previously purchased an apartment as a ‘new home’ through which purchase they gained a ‘Permanent Resident Visa’, and this Visa has allowed them to buy our established housing.  Which explains how they can overcome the FIRB restriction of only being able to buy a ‘new home’!

They can ‘lay-buy’ these homes through Juwai until the borders open, and fly in as ‘Permanent Residents’.

OBVIOUSLY these overseas buyers have led to even more competition for our housing, and further reducing the supply!

The property industry, and the Law Council backed by the Morrison Government exemption for the Real Estate Gatekeepers to the second tranche of the Anti-Money Laundering Laws in October 2018 has meant ‘black money’ continues to be awash in our real estate.

Many properties, we have learnt, do not reach the real estate websites, but are sold online to these overseas buyers sight unseen!

It is not only First Home Buyers but all Australian Buyers have been impacted as prices escalate daily!

CONTRARY to Eliza Owen from CoreLogic, and Elena Collinson these reports reveal the return of Chinese property buyers to our housing market:

From the ABC The Business: ‘Chinese Property Buyers Return’ as recently as 1 July 2021.

And ‘US Buyers lead a 15.5% surge in Foreign Investment in Aussie Houses’

‘ … trailed by Singapore with $9.5 billion and mainland China in third place with $7.1 billion. However, China’s overall value rose to just shy of Singapore’s when combined with that of Hong Kong.’

And ‘Cashed-up Chinese Buyers swarm Australia’s Housing Market with their sights set on major East Coast suburbs’!

‘Interest in real estate from China has skyrocketed by 51 per cent over the past year, according to a study by Chinese investment website Juwai – identifying Melbourne as the best market for buyers.’

In Australia previously we have lost many of our Heritage Homes because wealthy foreign buyers bought them while on a temporary visa to then demolish them for a ‘new home’, and gain a PR Visa.

Are they able to increase Australia’s housing stock by adding a granny flat, and enticing family members through any number of other visas e.g. Family, Guardian, Parent, Grandparent … ?  Cough … cough …

AUSTRALIANS, it appears, are aware now of what has been happening having witnessed enormous housing development in their midst along with a huge influx of Visa holders particularly from China.  Their concerns have been confirmed not only by these changes, but Geopolitical Strategist David Lee confirms why:

‘If you get on the hill, and you film down into Chatswood – it’s like this city in the middle of nowhere called Chatswood … it is just northwest of the Sydney CBD.

It is being built by the Chinese Communist Party.

All the money has come from China. It’s not from Hong Kong people … they speak Mandarin (in Chatswood; previously it was Cantonese)

A lot of money comes into Chatswood, and it’s effectively the Shenzhen/Hong Kong to Sydney CBD of Australia.

This is the most wealthiest couple of kilometres in the entire of Australia! … This city has happened out of nowhere … massive high-rises … it looks like Hong Kong … it’s a city being built ostensibly with China’s money … ‘

Read more!

A GEOPOLITICAL STRATEGIST ON THE MK, HONG KONG, THE U.S. and AUSTRALIA …

It is indeed surprising that as much as 33% of those surveyed would believe that Chinese investment in our real estate market would benefit Australians when 100% of the dwellings in these precincts are sold to Chinese buyers, and are constructed by largely overseas workers particularly from China!