As Sydney property prices and rents career skyward driven by Real Estate hyperbole and lack of social equity based regulation Social Housing in New South Wales has become a landbank for the NSW Government a goldmine for developers and speculators, a source of cashflow for heartless NGOs and a lottery for expectant low income tenants.
|Housing NSW property |
already sold for over $2mil ...
not to tenants
There is no plan for Housing NSW to replace either affordable housing in the Rocks Millers Point or Pyrmont - or housing of these configurations anywhere . Meantime large families and extended family households are being told they cannot be housed.Many social housing applicants are being told they cannot be housed
Housing NSW 's own Sale of Homes Policy states that they prioritise sales to tenants (providing tenants can afford market prices) -with several get out of jail clauses which render this policy at best a selective furphy. Tenancy income criteria precludes people with such an asset base becoming or remaining as tenants.But of course the Millers Point properties are offered only by auction and sell at prices of $2million plus -largely to re-developers.
Meanwhile at The Hungry Mile a greed driven alliance of Developers Government departments and Bankers force Bankers Paradise on an unconsenting local community.The project will transform the previous working wharves and the adjacent Millers Point into an enclave for the rich. Few if any Barangaroo workers will afford to live locally -whether as renters or buyers. There is zero social housing dividend at Barangaroo.
To facilitate this massive bankers paradise over $300million of NSW State Government (umm...your) money will be spent building connector ways to an already overburdened Wynyard Station.
All commercial Development applications should consider the incomes of the people who will work in the finished project -and ensure that there is either an affordable housing component that can accomodate each worker OR that such accommodation is readily available in the area. Over time such a policy would have the positive effect of lowering capital and maintenance infrastruture costs as well as causing businesses to consider co location where their worker demographic can afford to reside.Such policy will also have the desirable social and human resources dividend of less stressed workers having more time to involve themselves in family and community.