Vaucluse Residents Realization that OVERDEVELOPMENT is about to come home to roost!

SO why is it that these Vaucluse candidates propose that Sydney’s eastern suburbs should be different from other burbs across Sydney – those ‘others’ punished with more and ever more higher density housing?

YET so many candidates including these for Vaucluse claim to support development when appropriate?

WOULD this have somethin’ to do with locals and their real estate portfolios? …

AND why they reside in Vaucluse & surrounds?

HOW come our ‘local environment plans’ that set the controls for building height etc are eroded by developers?

WHY is it our new LABOR Federal Government has put the States on notice to help build 1 MILLION HOMES by 2030?

IS it because over the past decade of the LIBERAL COALITION that Australia sold its HOMES to FOREIGN BUYERS?

AND to local INVESTORS with Real Estate Portfolios creating a huge demand; diminishing SUPPLY … and cough … cough … pushing up house prices?

AND what this means is that those sellers/home owners are at the mercy of the rising market … to be priced out?

AS our families are locked out of HOME OWNERSHIP … forced to be lifelong tenants to investors … including foreign buyers … thanks to the policies of the liberal coalition … Search for earlier related reports.


What does the 20 December 2020 Chat with HT mean for Australia?

CAAN has selected and highlighted some of Harry’s comments from this interview … it might be a good idea to reflect on how this influence has impacted our lives … where we live … and particularly the living standards and losses for our families …

HT said:

‘Years ago we were very scared of having shops under the apartments because there was no demand for shops, but now shops are in high demand. …’

CAAN:  Why is this so?  Who created this demand for shops included in apartment developments?

Until the Pandemic in 2020 up to 100% residential apartments (including those of HT) were sold to overseas buyers … particularly from China …

Meanwhile we have shops closing down in the Westfield and other like shopping centres … why?

These mixed-use high-rise residential apartment precincts can only be described as a blight on what were Sydney’s beautiful bushland landscapes … think of North Ryde … Epping … Wahroonga … Macquarie Park …

Q:  ‘ Reflecting on Job Keeper and Home Builder, the two government grants, do you think they should have been extended to apartment developers rather than just land developers?

A. ‘Definitely yeah they should be, but they helped us a bit; not enough.  The big problem is that the stamp duty is paid on the whole unit with the land, but the stamp duty is paid only on the land for the cottage. 

And our (Meriton) particular problem is that we depend a lot upon overseas people

.we need migrants

.migrants coming to the city

.students coming to the city

.these are the two that don’t arrive so that’s why our section of the market has suffered more.’

CAAN:  There you have it from Harry, a recipient of an Order of Australia.  Other recipients may have given meritorious service to this Nation, but it would seem here it is a case of personal ‘achievement’ … even self-interest $Billions perhaps?

A developer of highrise precincts constructed specifically for the foreign buyer market … and hence high immigration

Q.  ‘Since the start of the Pandemic you made a point of ensuring that you were a visible presence here in the Meriton Head Office and your staff were coming in as well.

How important do you think that was that you were here and that your staff were here rather than working from home?’

A. ‘Working from home is nonsense, and I am very disappointed that it has been done. I don’t think Australians were ever too keen on working.*  

I don’t mean it as an insult. 

I mean that’s the way they are, and once you show them that they can work from home you mix them up, and I hope that they will come back to work, and they will work as well as before, but we will see.’

CAAN:  Is this how Harry and his ilk spin the myth that Australians are not good workers?  Perhaps a useful tool to seek out Visa workers and pay them below Award wages with the lure of ‘Permanent Residency’?   To buy his apartments, as Gerry’s fridges and washing machines fly off the floor perhaps?

In fact there have been reports that productivity rose with people working from home. 

Q.  You mentioned immigration and tourism earlier.  How important is it that the Government open up the borders sooner rather than later, the international borders, do you think?

A.  ‘I like that everybody else I think is to have normal situation.  A normal situation in this country with migrants has been from the first day.  We are all migrants … now. 

When we stop it then it causes changes then we have to adjust so really the sooner we can have the migrants back, and the sooner we can have the students back the better.

But I’m not running the country.  They know what they’re doing.

My opinion on this is no stronger than anyone else I just say what I feel.’

CAAN:  Harry has already stated that with the borders being closed due to the Pandemic that the residential apartment market has suffered.  And that his market has suffered due to the migrants and students not coming.

It would appear that his opinions have held more sway with Governments than the constituents objecting for years now to high immigration because where they live has been destroyed by overdevelopment particularly with high rise precincts, and concurrently with the increased foreign competition for Australian housing, prices escalated locking Australian First Home Buyers out!

And the alleged ‘progress’ has meant the loss of many of our low-rise villages, heritage, bushland, thousands of trees chopped for the tentacles of toll roads and toxic tunnels and stacks, with schools, trains and buses all full-up!  The loss of playgrounds for demountable classrooms … FFS!

Q.  What effect do low interest rates having on the property market, and how are you finding sales and leasing activities across your portfolio?

A.   ‘Huge, huge effect because the problem was our main buyers were Chinese*, and they are now non-existent.  So I was very worried actually, but what happened was the low rates of interest came in and the Government was helping people besides that, and that overcame the problem of the Chinese.*

So we are very happy about that.  But we still didn’t overcome the problem of the investors.  We have to help them too if we want investors.’

CAAN:  Was the Morrison Government in 2020 now beginning to fulfill its role of enabling Australian citizens to buy a home? … Wow!  Rather than maintaining visa manipulation with foreigners buying our real estate and gaining permanent residency …

-however the real estate gatekeepers remain exempt from Anti-Money Laundering Laws

-it appears that the onshore ‘Proxy’ is still in attendance at house auctions …

Q.  What are your thoughts on the Build-to-Rent sector?

A.  ‘I think that the intention is very good, but it doesn’t seem to work out.  If I build I must keep it for 15 years, or I can find somebody who will buy the whole development, and then if I want to sell it after 15 years they have to approve my plans so I don’t think that they would like it.

If they want to do it I say we should only keep it say for five years, and we don’t have to get any approvals afterwards.  They have to approve it before I build quickly and that’s I think then it will work

But the main thing is not how they legislate, the main problem is that the rents have not gone up, and so the investor is not as keen to buy as he would have been if the rents were going up.’

CAAN:  Our understanding is that ‘Build-to-Rent’ is going ahead.  From the perspective of our youth seeking housing we hope that the rents will continue to be more affordable allowing the tenant to save a deposit for a home down the track. 

Perhaps it is time the investor sector looked at the lowest wages growth for 60 years in Australia?

Then rent increases if proportional could be justified?

Currently the rental market in Australia is largely owned by those like Meriton and family landlords with tenants having little or no security of tenure.  It would seem that with such landlords that is the way they like it …

Q.  Now you were born in China.  How do you evaluate the Australia/China relationship at the moment?

A.  ‘We must remember one thing that Chinese people love Australia.  They love Australia probably more than we do.  Very important to know that.  Not the government – I’m not talking about them.  They play politics that’s a different story.

I don’t know if they love or hate, that’s just politics ….

Don’t worry about it but the people love it because they went to a lot of trouble to buy apartments here, and they did it even when there was no profit they just want to have some property, something here so that’s why I know that they believe in this country.  In my opinion that’s the main thing the rest is detail.’

CAAN:  Why wouldn’t the Chinese love Australia?  With so many special benefits dating back to the Howard Years! 

‘Middle Class’ Chinese were lured by the prospect of investing in Australian homes and/or education to gain ‘Flexible Citizenship’

Then in the early 2000s there was a Housing Boom in Australia …

By the time of the 2007 Election the Howard Government had doubled the permanent migrant intake … 

Migration Agents, visa manipulation, and highrise precincts too have become a growth industry

This high immigration largely from China in fact facilitated, it would appear, the spread of the CCP

onshore … with high-rise precincts Sydney-wide on all major transport routes, and into our regions … they even own some of our regional airports and pilot schools!

Q.  What would you say  is the biggest challenge facing the Meriton business today?

A.  ‘The biggest challenge is the changes now I always like apartments so why I like apartments against cottages because apartments lend themselves to leasing, cottages don’t lend.  You have a cottage and the upkeep is great, and the people are by themselves and they don’t know what to do, and all that.

Generally, I like housing because the Government cannot allow housing to collapse.  So I have a very good partner, the Government, can’t get a better partner than that, and then I have a second partner, the Banks.  The Banks can’t allow property, the residential property to drop so with these two partners I can face the World.’

The Interview – Harry Triguboff AO

Posted by Development Ready on Dec 20, 2020


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Despite the Evidence of Norway’s Smart Economy …

AND many of us are aware that the Australian economy has become too dependent on population growth at the expense of a focus on productivity.  Bob Carr has warned of this no doubt in response to what is again emerging.

Search for this article ‘Less is More for a Smarter Economy’ published in ‘The Australian’ 21 December 2020 yet not shared on the Facebook of ‘The Australian’ … hm …

However, following on 22 December three advocates for high immigration were interviewed in this article also in The Australian, ‘Australia needs a policy refresh to support higher fertility’ … and shared on The Oz Facebook … hm …

Dr Liz Allen

Dr Shane Geha

Prof Peter McDonald

SEARCH CAAN Website to learn more about them!

Why do such media outlets seem to favour this trio?

What is all this about?  Hm?

Is it highrise?  The talk is that SydneySiders are moving out of apartment living in Sydney, and have found that they are now paying less off a loan on a house.  For some it is less than they were paying in rent! 

And apartments have fallen out of favour with all the bad press about defective developments and the fear of towers toppling let alone those built on toxic sites … 

And now with COVID-19 they resented being locked in these cellsare HT and UT mates trying to keep a lid on this?

This it seems came about when people were working from home 2 – 3 days a week, and were prepared to commute the other days.

Unfortunately for FHBs due to the increased competition for housing outside of Sydney it too has become more expensive in the last few months

It is all in the Maths, with most loans based on a 10% deposit.  If an apartment is costing $800K (or more)  then buyers need $80K + legals + stamp duty etc.

Whereas a home away from Sydney costs $600K, $60K for the deposit plus the other costs.  And apartments cost about the same as the houses outside of Sydney, or a little more expensive in more desirable areas.

Looks like the Morrison Government and Berejiklian Government are busting to get all 29,000 Aussies home so that they will then bring in the migrants (foreign buyers) with HT and his mates starting to feel the pressure from the demand for highrise having fallen;  rents have fallen …

Harry’s lot want the gates open so they can get back to selling off Australia … let’s face it he has had it all his way for a decade with no real wages growth, endless supply of foreign buyers, less regulations, lower standards, pollies in his corner, the Greater Sydney Commission doing what they can for his ilk

It’s been a feast … so is it any wonder the sector push is on for ‘A Big Australia’ following the issue of the guvment’s first population statement.

From the commentators it is obvious why there has been a fall in fertility with:

-the lowest wages growth for more than 60 years

-thus the inability to save for a home deposit while paying rent

-inadequate income to meet the cost of day care, a mortgage and day to day living expenses

the long delay to start a family rendering couples childless

-proven that high immigration and thus competition for housing has pushed up housing costs and suppressed wage growth

-Australia is reliant on the export of its finite resources

.with a bigger population this dilutes our per capita export earnings

migrants age too!

-Japan and some European countries have older populations yet enjoy higher per capita GDP growth than Australia

WHY was there a focus on drawing migrants from the PRC?  Apart from a source of 1.4 Billion people …

-the Shanghai Bank; shadow banking

-hot money laundering (aka black money) in our real estate; aided by the Onshore Proxy

-the development of a vast range of Visas including:

.family, student, PhD Student, investor stream, Significant Investor, grandparent, guardian, and Permanent Residency upon real estate purchase … even online overseas!

-the successful Australian First Home Buyers have been saddled with massive debt

WHY is the Australian economy being run contrary to the benefit of Australians?  Cough … cough … one only has to gaze at the AFR Rich Lists … and the developer lobby largely represented in the first 200 …

AUSTRAC BOSS says Real Estate Gatekeepers should report Money Laundering in Property

‘Lawyers, accountants and real estate agents should report suspicious activity’ … that’s what the AUSTRAC boss said. 

SO what is the problem? Why is this not in force?

Commentator Thucydides wrote:

‘The “government’s” own department estimates the amount of “hot” money being laundered through the Australian property market at $36 BILLION a year…..

(think about that for a while, FIRST HOME BUYERS)

Mostly through Lawyers, Accountants and Real Estate Agents….. who have miraculously managed to avoid being included in the AML legislation for the last eight years, despite Australia being legally obliged to include them by International Treaty.

Must be a simple coincidence that they would also be overwhelmingly donors to the Liberal Party… ‘

Could that be why the Morrison Government … cough … cough … is still considering whether to introduce the Second Tranche of the Anti-Money Laundering Laws having exempted these gatekeepers back in October 2018?

Read more!


FIFTH TRANCHE to be Fast-Tracked for Assessment by NSW Government

$3bN worth of 10 ‘shovel ready’ projects! 


$2.4 billion Sydney Gateway project tops a list of 10 projects in the NSW government’s fifth tranche of projects to be fast-tracked for assessment.

Also included are:

Charter Hall’s 157,000 sq m Light Horse Interchange Business Hub

-a hand sanitiser factory by Shoalhaven Starches

-a digital technology hub at TAFE Meadowbank

The Parramatta CBD:

-the fast-tracked assessment of $178 million plans by Dyldam for a 430-apartment high-rise at 87 Church Street.


– 5 employment and environmental precincts incl. the Aerotropolis Core, Badgerys Creek, Northern Gateway and Agribusiness and Wianamatta-South Creek.

Priority is to be given to those exhibiting public benefit and ability to create jobs;  to transport infrastructure and green infrastructure, public spaces and social and services infrastructure


Artist's impression – view of the proposed Multi Trades and Digital Technology Hub looking North West on See Street

Artist’s impression – view of the proposed Multi-Trades and Digital Technology Hub looking North West on See Street

NSW INC to give Developers 50% Land Tax Discount for Build-to-Rent

IS this about …

-giving developers yet again another ‘leg up’

-creating a cash flow stream for developers

More importantly where are …

-the details on rent, are they being transparent, what increases are applied, can the renter move out when they wish?

-the details about obligations and liabilities?

What about the fine print?

Are we expected to believe this money making venture has a social conscience?

Is this a case making out something is being done about rental supply?

Is this the beginning of a move to create another class, of permanent renters?

Is it the case our governments and developers are getting into bed together to ensure Australia, once proud leaders in home ownership will no longer achieve this worthy egalitarian position?


The Western Sydney Aerotropolis

Image may contain: one or more people and outdoor


the new city, surrounding the under-construction Nancy-Bird Walton Airport, will include commercial, agricultural, industrial and residential development and is targeting tech-centric aerospace and defence companies as well as advanced manufacturers and agribusinesses.

The site has been divided into ten precincts, with three key precincts—the Aerotropolis Core, Northern Gateway and South Creek—identified by the government as offering the greatest growth potential.


• 11,200 hectares underpinned by a 20-year agreement
• Six initial precincts to be developed during the coming years
• Four additional precincts to be rezoned
• 12.2 million visitors expected annually
• 200,000 new jobs projected
• Predicted to become Australia’s third-largest economy by 2036


What led to the decline in Home Ownership? Really …

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CAAN Photo: WeChat through which much communication is made


  • The Property Sector
  • The University/International Student Sector

‘They will dress it up talking about National Income … GDP and Exports … but really it has nothing to do with that.


The Big Players wanting more of the PIE! 

And sustaining their market share, their BIG Profits and their influence in our Geopolitical Hemisphere.

There is nothing ‘egalitarian’ … nothing ‘high minded’ about it!

IT is strictly about money and strictly about THEM AND THEIR PIE!


-there is a need to build 200,000 Social Housing Dwellings for Australians

-are the firestorm victims still living in tents and shipping containers?  A.  Yes!

-what of the whole Cohort of Australians Gens X Y and Z locked out of home ownership in their own country?

SO why isn’t the PROPERTY SECTOR addressing these needs?

WHY does The Cabal want ‘Foreign Buyers’ and ‘Foreign Students’ back? 

DESPITE the threat of a second wave of the CoronaVirus?

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CAAN Photo: Wahroonga however all over Sydney huge developments like this are housing foreign buyers particularly from China; some buying more than an apartment at a time even a level of a development. How many are already here having gained ‘Permanent Residency’?

AND NSW INC is now to fast-track shovel ready high-rise projects

-Victoria’s leading residential building mob is lobbying the government to open the border to encourage overseas buyers … is this about ‘Hot Money’ to burn on Melbourne property?

-Chinese corporate investors are already “bargain hunting”

WHY do experts deny there will be a ‘red tide of cash overwhelming Australian assets’ as this peak body calls on these ‘foreign buyers’?

Then the leading economist of puts that offshore buyers would be seeking Australian development sites and industrial properties, and that international investment groups with assets worth $Billions are expected to lead …

IT appears the imminent threat of the ‘flying Pegasus’ buy-up invasion is beyond the comprehension of this Mob …


The impact of foreign money upon our Youth

Need for 200,000 social housing dwellings

About the Cabal pushing for foreign buyers

lobby groups behind vast numbers of international students

From Macro Business ‘International Student Lobbies are treasonous’

Read more:


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CAAN Photo: ‘The Old Side of Hornsby’ shopping strip it appears is largely being taken over by ‘investors’ from China. Buying up big and small businesses … buying up suburbs … esp. along the Metro route

Key Points on 2 Chinese State-Owned Companies buying Murray-Darling Water

Have we lost the plot?

Has Australia not only sold off the land, the ports and now the water to foreign State-owned companies?

Does the FIRB protect Australia or facilitate the purchase of its assets?

How bad can it get?

THE two Chinese state-owned companies that have purchased Australian water entitlements are:

Unibale Pty Ltd listed as an Australian subsidiary of the state-owned COFCO Corporation, one of China’s major agriculture companies.

Unibale Pty Ltd owns more than 7,000 megalitres of water entitlements in the Gwydir River system

A COFCO subsidiary, Chinatex Australia has failed to pay a Federal Court order to compensate a local beef provider.

-they have acquired water entitlements and faced limited scrutiny by the FIRB

-the reduction of water in our major rivers has led to a rising price

-since 2014 trade in water allocations in the Murray-Darling Basin were relaxed

-though a commodity it does not have the same governance and due diligence like gold or minerals

-private foreign investors buying into our water market are exempt from restrictions to prevent a fire sale takeover of our Assets!

-unlike the alleged restrictions for land and real estate, water assets are not within the FIRB’s oversight

.except for direct purchase by foreign governments

-on their own water entitlements do not require FIRB approval  

HOW can it be said that the FIRB balances Australia remaining such an attractive destination for foreign buyers having allowed all but five transactions yet ensuring these overseas acquisitions are not contrary to Australia’s national interest?

AND despite the Government introducing Public Registers to record these foreign acquisitions of these Australian asset classes it has been reported in The Weekly Times that the Deputy Prime Minister has backed up the government’s stance on delays in releasing the register of foreign investment.

Search for: ‘Foreign Investment Register: Deputy PM Stands by

HOW can it be said that this is about ‘foreign investment’ … when it is about ownership of vital assets and especially control of Australia’s natural resources?’

READ MORE FROM 7.30 ‘Chinese State-Owned Companies buy up

Water in Murray-Darling

A river runs besides green crops.

Photo: There are calls for more scrutiny of foreign investment in Australia’s water assets.(ABC News)

Aussie Supercar Engineers create a CV Protype Ventilator

On the other side of this crisis we need to look at ‘Australia Incorporated’ and go back to making things, as we can’t rely on importing things from around the world

THIS is what needs to happen!

It’s not business as usual.
Shouldn’t Australia become self sufficient in vital –

.medical equipment

And, of course, shouldn’t we maintain sovereignty in

.food production
.water resources

What country in the world has

-only 3 weeks bulk oil based fuel supplies in storage
-only a few ports not owned/operated by foreign interests
-only a few energy retailers not foreign owned
-only a few dairy processors not foreign owned
-a majority of private hospitals are foreign owned
-no controls on who can buy
irrigation water entitlements

The list goes on, the answer is…
… Of course it’s Australia!

Jessica Hinchliffe writes in ‘Triple Eight Race Engineers create ventilator to help ICUs during COVID-19 Crisis’

‘Supercar engineers are taking their skills from the racetrack to the ICU ward by creating a ventilator prototype to help during the coronavirus crisis.

Key points:

  • The team that helps engineer Jamie Whincup’s Supercar was set the challenge by Queensland’s Manufacturing Minister to create a ventilator prototype
  • Triple Eight Race Engineering will partner with a manufacturing company to take the prototype further
  • The engineers hope industries would see the necessity of manufacturing in Australia

‘Triple Eight Race Engineering, based in Banyo on Brisbane’s northside, quickly assembled the ventilator using their skills from Supercars Championship racing.

Team principal Roland Dane said the prototype was the result of his engineering team working with medical professionals and local intensive care unit experts.

Mr Dane said the group was approached by Queensland’s Minister for Manufacturing, Cameron Dick, to work around the clock to come up with a prototype.

“He challenged me to come up with an ‘Apollo 13 fix’, if you like, of what you could do in an emergency,” he said.

“We followed that up with a call to a leading ICU specialist in USA, Professor John Fraser, and put our heads down to put something together that could help if our backs are against the wall.

“Engineering is engineering, so when you’re involving a control system, an electrical motor, and circuit board it’s not dissimilar to the parts we use on a sophisticated Supercar.”

Mr Dane took the * opportunity and said:

“On the other side of this crisis we need to look at ‘Australia Incorporated’ and go back to making things, as we can’t rely on importing things from around the world.” *

A ventilator on a table.
PHOTO: The ventilator was created in the team’s headquarters in Queensland. (Supplied: Triple Eight Race Engineering)