Housing affordability in Greater Sydney

http://www.smh.com.au/national/the-factor-creating-a-new-class-system-in-australia-20170210-gua81u.html

The rush to build high rise, high density, Hong Kong style apartment blocks for Asian investors is a driving factor in making housing unattainable for Australians in Sydney.  Bulldozer Baird went full speed ahead to implement the policies and strategies handed to him by the “top end of town”.  It was all about value capture for donors to LNP electoral funds – the corporations and individuals who make up the Property Council of Australia, Urban Task Force, Committee for Sydney and those public transport infrastructure builders and operators like MTR Corp, CIMIC and Sydney Motorway Corp.

The Federal Govt is standing like King Canute holding back the inevitable logic of abolishing negative gearing on property investment.  Even a few brave NSW Ministers have gone feral on the issue of negative gearing, much to the annoyance of PM Turnbull and his feckless, non-performing  Treasurer, ScoMo.

Housing affordability, and the price of power are going to be the BBQ topics for the next 12 months, especially when more Sydney families realise even their well-educated and employed children can no longer afford a house in Sydney.  The Grey Brigade get very angry when they suddenly realise they have to drive a long way to see their grandchildren in distant Newcastle or down in Wollongong, where houses were still affordable in 2016. But even that option is shrinking as housing prices have climbed dramatically in the Hunter and Illawarra areas too now!


John Young
11-feb-2017

Advertisements

About John Young

I am the CEO of Yindi Systems, a boutique consultancy that helps clients to create marketing and communication solutions using the Internet, social media, Google's fabulous free technologies and the incredible Wordpress for web sites. Many of my projects now are based around community advocacy for better outcomes for the planning systems used by NSW Government, defending local councils from forced mergers and preserving the environment, especially in greater Sydney. Major projects include www.keepingplace.net.au and www.cubbacubba.net.au
This entry was posted in Uncategorised and tagged , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s