The PCA … the Property Council … encouraged by Qld LIBs Build-To-Rent enticements!

Read and reflect on what this will mean …

IF the Liberals were to win the imminent Queensland election having given the undertaking that they will administer a 75% CUT TO LAND TAX, and grant FOREIGN BUYER TAX EXCLUSIONS FOR BUILD-TO-RENT developments, what will that cost? What will it mean for:

-aspiring Australian First Home Buyers?

.cast aside by preferential treatment for those with ‘hot money’ to launder

-Australian developers and hence their Australian clients?

AND these benefits even outstrip those of the Liberal NSW Government 50% Build-to-Rent land tax discount  …

https://caanhousinginequalitywithaussieslockedout.com/2020/07/30/nsw-inc-to-give-developers-50-land-tax-discount-for-build-to-rent/?fbclid=IwAR0frzrdbfU0O6G4oT9yVnUIO-qfRxP8lotjpWALNLnEkOpUjB_0Z2R5nxg

WHERE can you see this going?

Could it be that also in NSW aspiring Australian FHBs will be drowning in a housing market flooded with investors buying up homes for rental redevelopment?

Knocking the ‘Australian Dream’ on its head … with the aspirants stymied by the emergence of a feudal life-long tenancy regime …

READ MORE! THEN SHARE … especially with your Queensland contacts!

https://bit.ly/2IlhIOx

CHINA’S RISLAND scores $30.8 M in Wollondilly Land Sales

RISLAND formerly known as ‘COUNTRY GARDEN’ gained renown and set the precedent with its first High-Rise Residential Apartment Precinct in North Ryde whereby the locals were robbed of having their say as it was all fait accompli …..

‘Ryde Garden’ towers over the district … forever spoiling the bushland vistas …

Currently RISLAND’S dealings with disgraced Liberal MP Daryl Maguire are being further investigated by ICAC … and now together with Walker Corporation having sold these lots in 3 weeks it is ready to launch its $1.5 B master planned community ‘Wilton Greens’ in Wilton in the Wollondilly Shire.

How come this Chinese developer remains in Australia?

Why did Walker Corporation … Lang Walker … partner with Risland … Country Garden?

The lots have cost between $239,000 and $372,500 ranging from 275 to 540 sqm.

Company management alleges that buyers come from the local area and the Greater Sydney region. How likely is it that there are Proxy Buyers among them?  Or online perhaps through Juwai enabling these foreign buyers to gain Permanent Residency … ?

Risland … Country Garden … 2 years ago launched its Windemere Estate in Mambourin, Victoria and this in Wilton is the company’s first major master planned community for NSW.

Risland is counting on the NSW and Morrison Governments for the infrastructure with the redevelopment of Campbelltown Hospital, transport, NBN fibre to the home, a new town centre and new schools

But what will this mean for other communities?

AND, of course, the impact of such development on the rural landscape, the destruction of Koala habitat, with the local community to be confronted by another 12,000 inhabitants …

READ MORE!

https://bit.ly/3ddoiBT

Another 10 Thousand Places added to Morrison Govt First Home Loan Scheme …

10 THOUSAND PLACES ADDED TO GUBMINT’S FIRST HOME LOAN SCHEME

BUT how can that be enough? 

THE AUSTRALIAN:  Budget 2020: New homes key to our lost population

WELL … WELL … there you have it in the Headline!

BECAUSE … High Immigration and Permanent Resident Visa Manipulation have locked out Australian First Home Buyers …

SUCH Permanent Residency Visa lure has drawn hundreds of thousands of overseas home buyers since the late 1990s when the Howard Government made changes to our Immigration Policy for the Chinese Middle Class to invest in our education and real estate to gain “flexible citizenship”

AND since then the vast range of Visas offering Permanent Residency when Temporary Visa Holders bought our ‘new homes’ …

SUCH INFLUX rendered aspiring Australian FHBs locked out … by the overseas competition and ‘hot money’ to boot ….

TONIGHT on the ABC NEWS Jason Clare, Shadow Minister for Housing and Homelessness, was interviewed … but sadly no transcript or video can be found! 

THE GIST of what he had to say was that this was nowhere near enough … a mere extra 10,000 FHBs eligible for a home loan with a 5% deposit  … he said compare that to the support given by Labor following the GFC …

FURTHER that all aspiring First Home Buyers should be given the benefit … not a mere extra 10 thousand!

SO why only an additional 10,000 places for a scheme allegedly designed to make it easier for first home buyers to purchase a home with a 5 per cent deposit?

WHAT other Plan does the Federal Government along with the MBA, the PCA, the UT, the UDIA, and the Property Investor Lobby Groups have waiting in the wings?

WITH their appetite whet for more?

WHEN concrete form workers are atop the BRW Rich List … is this about ‘wealth envy’?

IS this about this Cohort boosting their coffers through Build-to-Rent? Will it be a modern day feudal system … rendering a whole Cohort of young Australians to become life-long tenants, is that what this is about?

OR will the Morrison Government ensure that the avenue will be there for

tenants to purchase a home?

READ a little more from the ABC:

https://ab.co/34mvyYc

Had you heard that HT sacked his Group General Counsel?

‘A former lawyer for Meriton Property Services is suing one of the country’s richest men, billionaire Harry Triguboff, and the company, alleging he was sacked because he refused to lie in an affidavit.

The company’s former group general counsel Joseph Callaghan is suing for $556,500 in compensation plus penalties, claiming he was fired from his $350,000-a-year job by the 87-year-old property developer earlier this year because he refused to exaggerate the time it took for the City of Sydney council to approve one of Meriton’s buildings.’

Read more!

https://www.commercialrealestate.com.au/news/sacked-lawyer-sues-billionaire-harry-triguboff-959345/

THEN it appears to have gotten nastier … in an AFR Report on 3 July 2020 when HT hit back at his former lawyer to then claim that Callaghan was sacked because of ‘ineptitude’ for the job … despite having gotten HT out of bother a number of times previously over four years … even with the NSW Premier …

Read more!

https://www.afr.com/property/commercial/harry-triguboff-strikes-back-at-former-lawyer-20200702-p558gn

THIS MATTER WAS HEADED FOR THE COURT END OF SEPTEMBER 2020 … HOWEVER …

It was reported on 19 August  … HT & HIS COMPANY MERITON SETTLED WITH FORMER GROUP GENERAL COUNSEL

Now it is alleged it was all a misunderstanding …

BUT had the General Counsel had enough?  Was it a bridge too far this time?

View the link to find out more … what did this former legal adviser collect?

TIM LAWLESS asks the question: ‘Will Stalled Migration Stem Housing Demand?’

And then it seems from this article that all is not revealed about what went on pre Covid-19!

Through visa manipulation a vast range of temporary visas allowed the holder to buy Australian Real Estate to gain a Permanent Resident Visa!

And with a mere 160,000 permanent migrants outnumbered by Temporary Visa holders, for example, in May 2019 their numbers surged past 2.3 Million

And many were lured here esp. those from our Big Neighbour to the North when they bought our real estate to gain a PR Visa and Medicare benefits!

Further, the property sector esp. over the past decade were unable to build the supply to keep up with the ‘foreign demand’ for our housing which may also explain why much of our housing was poorly constructed …

AGAIN it would seem the property media is spinning … somewhat … in saying that ‘the large majority of temporary migrants will not be purchasing a home in Australia; they rent’

BECAUSE those seeking to buy a ‘new home’ can do so on line through e.g. Juwai and gain a ‘PR Visa’ … they are no longer on a Temp. Visa …

This PR Visa has long been the lure.

They can also purchase through a Proxy Buyer, they can buy several homes, and they can launder ‘black money’ in our real estate because the Real Estate Gatekeepers are exempt from the second tranche of the AML legislation!

Martin North has said there will be a 30 to 40% fall in apartment prices due to the collapse of this Ponzi …

Who were all these high-rise apartment precincts scattered all over Sydney built for? … cough … cough … this high-rise demand was not there prior to the Visa manipulation that has taken place …

WILL there be an opening for a return to building homes for aspiring Australian First Home Buyers? That would boost our economy …

Read more from the Property Spin then search CAAN WEBSITE to learn more!

https://bit.ly/3i4vwK5

CAAN WEBSITE:

https://caanhousinginequalitywithaussieslockedout.wordpress.com/

St Hilliers Towers for Central Coast Quarter

THIS explains why the Gosford Public School was sold off in 2014  … located slightly to the south of the centre of Gosford.

DESPITE the alert from Martin North and others …

THAT as a consequence of the Pandemic … particularly with the masses of poorly constructed high-rise on the urban fringes, and further in as well with prices falling up to 30 to 40%, and with too much stock all looking the same, and on the market at the same time.

WHY is this happening now in Gosford despite a lot of concern that the development is too large for the area … but they obviously know more about the future than we do …

IT all points to big plans from those with power and influence for Gosford.  They will ensure they prevail, this sort of money won’t be deterred.

ALSO the site at the corner of Mann Street and Donnison Street … though  a smaller development, again it is mixed use – they all are these days

WHEN the demolition was taking place we spoke to a chap who suggested, like recent developments in Parramatta, it was ‘ME’ money and more than likely marketed to Chinese buyers

NO DOUBT its appeal is because it is …

.urban
.high rise that can be populated by cohort
.close to public and private schools
.close to selective school
.close to shops; a must
.close to train
.close to hospitals
.close to club

READ MORE!

In the leadup …

2020 VISION FOR TWIN TOWERS’ about a development in GOSFORD CBD said to be ‘State Significant’ builds …

$400M Archibald development of 2 towers including 300 apartments, hotel of 167 suites, 25 floors plus retail, bars and restaurants.

It was originally in 2015 the work of Peter Zhu but new owners of the Archibald are keeping their identities secret, why?

The Central Coast Quarter development application has been lodged for a hotel/entertainment destination at the southern end of Mann St … was this what the sell-off of the Gosford Public School was all about?

Plus another developer down the road is proposing 3 buildings between 8 and 24 floors to include much the same …

AND the Lederer Group is planning a development near Kibble Park, Gosford of 5 buildings 20 to 30 storeys … OMG!

The beautiful harbourside setting of Gosford to disappear for ‘Vibrancy and the emerging population’ … from??

SOURCE:

https://www.dailytelegraph.com.au/newslocal/central-coast/gosford-cbd-developments-gosford-alive-and-central-coast-quarter-das-lodged/news-story/00f2f45b263cb65ba2e0d796b9e4dc92?fbclid=IwAR30sKgTUXcjlzvWnEq3lCgPt4tBtAo4Byc_Ff1f4G455vWMgdAy8BpCpAA

How was all this development fast-tracked?

The NSW Planning Minister .. back then … appointed a new Co-Ordinator General to enforce development of the Gosford CBD …

Note … contrary to the ‘Central Coast Enforce’ the Gosford Waterfront was included in the draft CBD DCP!

NSW Planning proposes no barrier to who lives in Exclusive Sydney Enclaves

NSW  Planning proposes no barrier to who lives in Exclusive Sydney Enclaves

COUGH … cough … choke ….

How credible is this coming from NSW INC Planning?

FOR almost a decade now we have been subjected to Developers controlling the Federal Liberal Coalition, and rewriting policies of the ‘divide’.  With the 100% overseas sell-off of ‘new homes’, and enhanced foreign competition for Australian housing esp from the UHNW and HNW from China …

Together with the shelving of the second tranche of the Anti-money laundering laws for the Real Estate Gatekeepers for more than a decade … followed by an exemption for them in October 2018 by the Morrison Government

Even though the Real Estate Tour Migration is now negligible that money laundering exemption remains …

Does NSW INC believe we will swallow this ‘new benevolence’?  With the spinmeisters turning and twisting to make it read like this state government cares for its poorer constituents having forced them out of public housing … made many public servants redundant … and bulldozed communities for high-rise, toll roads, tunnels and stacks … ?

IS this the ‘Developers’ SIXTH TRANCHE?

Has this piece been put together now that they have read the reports from ACOSS, and others … have the Mob yet another spin on ‘social/public housing’ and affordable housing to fast-track ‘Build-to-Rent, Co-housing, Boarding Houses’ cheap, higher density housing all across Sydney … esp. for young Australians locked out to become life-long tenants?

Looks like the next chapter in overdevelopment will be supported by the disgruntled ‘Investor Class’ having lost out to Covid-19 are seeking to make a motza with investment in Build to Rent, Co-housing and boarding houses.  It appears it matters not to them that money launderers own so much of this Nation’s real estate;  that a whole Cohort of Australians have been locked out of home ownership … are these Australians there for the uptake to ensure their investor lifestyle?

It matters not to them that the money launderers may have property back home in high-rise precincts … that they can come to Australia to buy homes here increasing CO2 emissions

Will this mean the mob can come in and bulldoze our low-rise suburban streets for developments housing 28 people or more where there were 4 or 5? 

P.S. … NSW INC subsidises developers to sell ‘boarding houses’ after a mere 18 months as flat developments …

P.P.S.  Scattered across Sydney we still have workers cottages alongside mansions from Watson’s Bay to Riverstone … it’s not new … we had it all!

READ MORE!   https://bit.ly/31u1YQ6

IS there more to the new Building Reforms … than meets the eye?

THE NSW Building Commissioner will be able to issue stop work orders, order developers to rectify defective buildings and stop occupation certificates from being issued.

With three goals …

-the first to focus on the accreditation regime for designers

-the second to give insurers the confidence to ensure the work

-the third decennial liability insurance with 10 years coverage for defects for consumers

The new legislation has been described as complicated however, when companies contravene the legislation the directors and any involved in company management can be personally liable!  This may also be retrospective!

IT would seem due to community-wide awareness of the shoddy work of this Sector … with the word having gotten around … across the Globe … and the consequent pull-back that the TaskForce had to concede somewhat … and it could be this is as far as they have let the Commissioner get to …

Read more!

https://bit.ly/3gm4OLm

No photo description available.
CAAN Photo: development underway in Lindfield.

IS NSW INC going far enough to Stop Defective Development?

THIS Report in the SMH sounds good with the new NSW Building Commissioner, David Chandler having the power from 1 September 2020 to enter and inspect building sites, to prevent the issue of ‘occupation certificates’, and order work to be stopped!

However distraught home buyers/owners (*Constituents) have more to say about the system being stacked against them!!

A summary of their comments …

-the building commissioner should look at the ongoing issue of insurers fighting claims with the aim of wearing down claimants; the ongoing legal costs were going to exceed any forecast insurance payout; the payout has barely covered 50% of the real costs of remediation.

-deregulation and self regulation simply doesn’t work; Regulations exist for a reason

-the only real fix is to have truly independent supervising professional inspectors signing off at every stage of construction

-the introduction of self-certification by builders with final sign off by someone paid by the builder has always been dodgy.

-the use of substandard materials, bad building practices, mistakes and shortcuts have long been concealed by the time of final certification

-the buying off the plan system needs to be banned because the developers/builders can have millions in their pockets before they pick up a shovel and there is a wish to spend as little as possible of it on actual construction.

-will the shonky developers, builders and certifiers be named?  Future buyers need to know whose work to avoid

-the old Home Owner Warranty scheme should be applied to apartments; for the builder/developer to have enough money set aside for 5 years to cover defects

-nowadays they make huge profits shuffled to shelf companies and they are liable for nothing

-when a builder/developer goes broke they lose everything except their money

-is the ‘tough talk’ a NSW INC PR campaign to allow the industry to continue to build sub-par work at high profits (a 2-bed apartment costs $200,000 to build)

-will the list of dodgy developers/builders/certifiers be released publicly? Will on-going transparency reports be publicly made available?

-councils should be the only organisation to nominate certifiers

-what will happen when developers withdraw their political donations?

-could this NSW INC exercise be about restoring public interest in buying apartments?

-looks like it is about protecting the construction industry and investors rather than protecting home buyers from defective development

-when will criminal charges and gaol terms be imposed?

-why isn’t the government taken to task for privatising certification?

-now we have red tape + building defects + bankrupted home owners

READ MORE THEN SHARE!

https://www.smh.com.au/national/nsw/signatures-for-sale-days-are-over-warns-sydney-s-new-building-commissioner-20200818-p55mur.html#comments

Urban Health may take precedence over Development

CAAN Photo: Parkview second development; Herring Road Precinct, Macquarie Park; neighbour to the site of former Ivanhoe Estate. Photo taken from a distant reserve through the trees

DESPITE a recent history of pandemics reaching Australia the property sector through its lobby groups have changed government policies throughout the 2000s to boost population growth through migration and create a housing market for them.

Storey upon storey … as high as 63 … 80 storeys, how can the open spaces provided prove to be adequate to prevent transmission of communicable disease through close public areas of foyers, lifts, gyms, pools, boutiques?

And air-conditioning throughout these towers?

A recent report from the UN reveals that more than 90% of CoronaVirus cases have come from urban areas.  And Melbourne and Sydney with much higher densities have largely shared Australia’s cases of CoronaVirus …

Pharmaceuticals and biomedicine have not been adequate to address this Pandemic alone … and in order to combat it we have had to return to isolation principles!

In the second half of the 19th Century a movement came about for urban reform of industrial cities not only for better sanitation but recognition of the value of ventilation for fresh air and light …

However, during this recent Australian housing boom through deregulation and loss of adherence to Australian Standards with many high-rise apartment developments not only cramming hundreds of people together but room sizes have been cut, and in some cases windows either eliminated, or unable to be opened!

It would appear ‘Urban Planning’ needs to be resurrected to ensure the health and well-being of inhabitants otherwise ‘prosperity’ may have no meaning …

Image may contain: sky and outdoor
CAAN Photo; April 2020; Parkview ; vegetation cleared from site; Herring Road Precinct, Macquarie Park

Read more!

Pandemics will change the architecture of health