It's very simple. Some economies don't ruin their countries for the sake of economic growth, some do it by selling stuff to the world.
Idiot.
stinkbug omosessuale Frank Castle is a liar and a criminal. He will often deliberately take people out of context and use straw man arguments. Frank finally and unintentionally gives it up and admits he got where he is, primarily via dumb luck! See here Property will be 50-70% off by 2016.
Actually, you don't even have to buy houses. Just buy the green space and start there. There are dozens of small parks in the inner west, as long as they don't have a perpetual covenant on them the State government can sell them to developers who can then put up a nice 6-25 story apartment block (depending on proximity to flight paths). Take something like Camperdown Park, the undeveloped part of which is 28,000 sqm, but under Flight Path 16L/34R. You could build an apartment complex 6 stories high there that could house thousands of people. And that is just one of dozens of parks that could be developed, not least of which is Sydney Park in Alexandria, which could literally house tens of thousands of people.
The incumbent government wouldn't care about voter backlash, because those suburbs are full of champagne socialist pretentious twats who vote Labour/Greens/Independent anyway. Once all of the green space had been redeveloped as residential apartments, the twats will sell up, allowing developers to continue the process on places where existing dwellings sit.
And if the developer has to pay 8 million for 6 terraces houses in Newtown? So what? They are going to build 80 apartments and sell them for 1 million a piece.
All very unlikely.
“You Keep Using That Word, I Do Not Think It Means What You Think It Means” - Inigo Montoya
But if it does happen, think how much we can sell our land for ....
Probably less than it is worth now. Adding substantially to the supply side will take pressure off the demand side. As the tall buildings blot out the sun, the faux indies will flee, pushing down prices more.
barns
13 Sep 2013, 12:05 AM
All very unlikely.
Why is it unlikely? What do you see as the obstacles to it happening?
I am so depressed reading this thread...... Totally agree with some of the points made... it will be interesting to see what Sydney is like in 20yrs time....
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