WHY wouldn’t the Urban Taskforce support the growth of Sydney as outlined in the Metropolitan Strategy? Whoda thought who would have instigated this growth?
THE UT reports thatthey believe the growth could be higher than the governments predictions, if immigration levels are maintained.
They acknowledge that they understand that the community (us) have concerns about the change of character that will flow from a move to a more urban environment. Substitute with the description of ‘high-rise and higher density’!
Apart from the ‘change of character’ what the turbo-charged GROWTH has meant when once it took 20 minutes to drive across a few suburbs it now takes 50 minutes! Commuters constantly sit at traffic lights. Our infants are being schooled in demountable classrooms and have nowhere to play … our buses, trains and hospitals are all full-up!
House prices escalated with the Howard Government in the late 1990s allowing Middle Class Chinese to invest in education and our real estate to gain ‘Flexible Citizenship’ … hence a property boom in the early 2000s.
And again with onshore proxy and foreign online buying (Juwai) between 2015 and 2017… continuing until the border closures …
Currently following these closures with interest rates low, First Home Buyer grants, many selling their apartments for the freedom of a house and garden … thus inflating demand … and house prices have again escalated like never before! Jumping $300,000 plus from December 2020 to January 2021!
Was the UT behind this too? To make houses unaffordable so they can offload more apartments which buyers had been resisting due to so many defective development reports. Cough … cough …
THE UT suggests that somehow the extra770,000 new housing units will need to go somewhere ‘so we are demonstrating one approach towards this’!!
With a return to high immigration the shortage and high prices for Australians will maintain!
NOTE in the UT’s “Urban Ideas: Migration Matters”, the Sponsors including major sponsor Meriton and sponsor Ceerose which have been major beneficiaries of high immigration … ‘Ol Harry’ (Mr Meriton) even went so far as to say this in a report in 2019 in the SMH!…
-China has more than 1 billion people, and they love Australia. I think they love Australia as much as we love Australia. So there will always be enough of them that will buy.
-My grandsons, they understand everything. The real thing is how do you make things happen. I teach them how to make things happen.
SCROLL down to find which companies have representatives on both the Executive and Steering Committees of the Urban Taskforce! Developers who, it appears, have had much influence on NSW INC … and constructed many Precincts across Sydney and housing developments across Sydney and its urban fringes …
Urban Taskforce Executive Committee at 2021
The Urban Taskforce Executive Committee is elected by the members and oversees corporate policy, governance and financial management of the Urban Taskforce Australia. It includes some of Australia’s leading property developers.
The Executive Committee DEVELOPER members are:
KWC Capital Partners
Rebel Property Group
Update on Walker Corporation:
In April 2021 from Save Sydney’s Koalas
‘This Walker Corp. concept plan in their Bushfire Report shows their proposed plan for the whole Appin area which will comprise 259 residential lots. With the removal of 25 hollow-bearing trees, the impact on the wildlife will be terrible. Not to mention the increased heat from the removal of trees and more heat-trapping asphalt and concrete’
Walker’s Parramatta Square project $3.5Bn is currently under development … but where there has been much controversy is in Sydney’s South West esp. around the rural village of Appin!
There Walker Corporation has very large landholdings in the midst of Australia’s chlamydia free Colony of Koalas!
And through developers like Walker Corporation, Country Garden, LendLease … much of Sydney’s former foodbowl has been lost to housing developments.
How has this come about?
View: Property Developers are among the biggest Political Donors in Australia, but should they be allowed to be?
These lobby groups have so much clout that no doubt because the Liberal Party has enjoyed so much $upport from the Property Council of Australia, the Urban Taskforce and others, what choice remained for the Labor Party?
View: Federal Parliament just weakened Political Donations Laws while you weren’t watching
The Urban Taskforce Steering Committee focuses on public policy issues. The Steering Committee includes a mix of property developers and key experts in the areas of urban planning, law, construction and finance.
IN December 2020house prices were recoveringfrom the lows of
the mid year …
Then over the Christmas break the housing market virtually closed …
BUT come 1 February 2021 instead of Agents dropping the price by some $200,000 when marketing a property allegedly to lure more buyers at Auction …
THAT at 1 February agents instead bumped up the median of December 2020 north by another $200,000 Guide Sale Price! In many instances at $2 Million!
… buyers find as they bid that their reserve for renos just goes to paying a higher price …
AND yet real estate agents said ‘We didn’t see this coming!’ …
WHAT happened over the Christmas vacation? Was there a big meeting of the Real Estate Institute?
And who was invited to attend?
Could that have been the Big Boys? The deve-lopers, the bankers and the Feds?
What was behind all this? This Agenda?
… Apart from the Feds using this as an opportunity to make it look like ‘Australia has a strong economy’?
Could it have been a ruse by the deve-lopers to sell off their excess of apartments since the Pandemic had cut off their foreign buyer demand?
By engineering this price hike in ‘Houses’ … to steer buyers especially First Home Buyers towards buying an apartment … really …
And the bankers, of course, enjoy the increased flow for their vaults …
NSW INC Stamp Duty Coffers again overflow along with the newly introduced alternative of Annual Land Tax
Cough … cough …
The average amount parents (The Bank of Mum and Dad) are contributing is $89,000!
But as Martin North banking sector analyst said those that received $$ help from parents to get into the property market:
-are three times as likely to default on their loan in the first five years
-they have not been disciplined about their savings
-these parents either gift the money towards a deposit or become ‘guarantor’
-and put forward equity in their own property
-if the children fail to make payments the parents may lose their home!
AND … Mr North … it would seem despite being an Analyst is … ‘a Man of Humanity’ warns that if in future these buyers end up in negative equity that Regulators should be looking at this very seriously!
VIEW Related Articles to find how this all ties together with a Minister alleged to be involved in land dealings!
‘SIDOTI and Sydney Developer referred to ICAC over Land Dealings’
Former minister John SIDOTI and developer, BILLBERGIA have been referred to ICAC following allegations that development plans were altered to benefit the developer of waterfront apartments in an urban renewal project at Rhodes.
‘Australian-owned, Gazcorp is led by proud Sydney-siders, Nabil Jnr and Nicholas Gazal. Our switched-on city is on the verge of shining brighter than ever before. With experience and dedication, we share our vision for better urban living.
Gazcorp has evolved into one of the country’s major multi-sector real estate investment companies. Established under the leadership of the late Nabil Gazal, we have increased our commercial, retail and residential strengths, completing projects both domestically and across the globe.’
ICAC: Chris Hartcher, Chris Spence and Darren Webber accused of hiding election funding
The slush fund had three principal donors — Australian Water Holdings, which was the subject of the previous ICAC inquiry that felled Premier Barry O’Farrell, major Newcastle developer Buildev, and Gazcorp — which was the subject of a previous ICAC inquiry about its shopping centre at Orange Grove.
Also view: REPORT OF PROCEEDINGS BEFORE GENERAL PURPOSE STANDING COMMITTEE No. 4 INQUIRY INTO DESIGNER OUTLETS CENTRE, LIVERPOOL ——— At Sydney on Monday 11 October 2004 ——— The Committee met at 11.00 a.m.
HOW WILL REOPENING OUR BORDERS IMPACT THE PROPERTY INDUSTRY?
Ah – Ha …
Meanwhile News Reports as recently as this evening (18 April 2021) on the transmission of Covid-19 at the ‘ADINA’ between two families who have returned from overseas …
Why is it Health Minister Hunt appears anxious to allay fears?
Property Council Chief Executive, Ken Morrison speaks of safely reopening our borders … and then …Ken continues,
“population growth is a critical ingredient to Australia’s economic success.”
SUBSTITUTE with ‘the Property Council’s economic success’.
Ken Morrison then proposes the National Cabinet should take steps to increase Australia’s quarantine capacity … now if resumption of our borders cannot occur until 2022
… AND further proposes ramping up our quarantine arrangements to enableTEN TIMES the current capacity!
WHO is the Morrison Govt working for?
Back before Sc.mmo entered politics he wrote the policy for the deve-loper lobby, The Property Council of Australia
READ MORE: ‘How will Reopening our Borders impact the Property Industry’
In response to the global pandemic, Australia closed its borders to international visitors and migrants in 2020. As a result, the property industry witnessed weaker rental demand caused by the slower population growth.
Recently, the Property Council of Australia has welcomed the National Cabinet’s decision to task the Australian Health Protection Principal Committee (AHPPC) with providing guidance on the future of international border quarantine agreements.
The decision – while still in relatively early stages – is expected to positively impact the property industry. The AHPPC has been requested to provide specific health advice regarding the implications for quarantine arrangements and the reopening of Australia’s borders – following the successful vaccine rollout of Phase 1A and 1B. This marks an important first step towards safely reopening our borders to international visitors and migrants* and in turn, seeing an increase in rental* demand across the nation
Property Council Chief Executive, Ken Morrison speaks of safely reopening; “the safe reopening of international borders is one of the biggest decisions facing Australia and this review is an important step in enabling this to happen. Australia needs greater clarity and consistency not just around our domestic restrictions but also around the implications of the vaccine rollout on our international quarantine arrangement.”
Ken continues, “population growth* is a critical ingredient to Australia’s economic success.* If the resumption of normal border arrangements cannot occur until some time in 2022, the National Cabinet should take concrete steps to increase our quarantine capacity now. Australia can stay safe and accelerate economic recovery by ramping up our quarantine arrangements to enable ten times the current capacity.”
‘People have to live somewhere & it is far preferable to go up, allowing for the preservation of open spaces & transport consolidation than out, resulting in urban sprawl & the entire Sydney basin eventually being covered in squat buildings. It is the peculiarly Australian malady of High Rise Phobia that continues to fuel the urban sprawl that is threatening Mt Gilead & similar places.‘
CAAN: Yes, people do have to live somewhere, and in case it has escaped your notice, Lex, both Sydney and Melbourne have been subjected to high immigration … not just 70,000 per annum of permanent migrants, but during the term of the Howard Government it rose to some 200,000, 300,000 or more with temporary migration of Visa holders!
This population explosion began in the late 1990s of the Howard Government when Middle Class Chinese were invited to invest or buy our real estate to gain ‘Flexible Citizenship’!
And the Ponzi Scheme… the origins of which date back to the 457 Visa being introduced after John Howard took office …
Many on Student Visas were able to bring out family members through a Family Visa, Parent, Grandparent, and Guardian Visa.
The PhD Student Visa, Investor Stream, Significant Investor … and more!
This huge influx particularly from China led to increased competition for our housing … house prices escalated … locking out many young Australians … Black Money was awash in our real estate as the second tranche of the AML Legislation was shelved … then in October 2018 the Morrison Government exempted the Real Estate Gatekeepers from the Anti-Money Laundering Laws!
In January 2019 Scott Morrison announced a cut to migration of some 30,000, but at the same time overlooked that there were some 2.2 Million VISA Holders in Australia!
This Visa manipulation has benefited not only foreign buyers but both the high-rise and urban sprawl developers … in fact a ruling of the FIRB has allowed them to sell ‘new homes’ to foreign buyers! Whole Precincts of high-rise and urban sprawl!
IT would seem that the Australian People have been overruled by developers, doesn’t it?
We have had no say about this whatsoever despite many spending years to try and save our Heritage, Fauna, Flora, Farmlands, villages and suburbs from their greed and destruction!
SO what do you say now, Lex, about ‘High Rise Phobia’ fuelling the urban sprawl?
Search CAAN Website to learn more about …
-Lang Walker, Walker Corporation
-Harry Triguboff, Meriton
-Country Garden (now Risland)
-Wilton, Appin, Mount Gilead
-Foreign Investment Review Board (the FIRB) and much more!