State Government is to help developers buy land. The New South Wales government is bringing in legislation which will establish a state body to compulsorily purchase land then on sale it at a special price to land developers - and you can bet that price will be low, below the going rate I should imagine.
What would be the purpose of setting up something that forces people to part with their land if it wasn't to help developers get that land? The state government gives the excuse of the renewal of Sydney. This of course is to hide the real reason from voters.
"The key is we do need to ensure that land holders are fully compensated." Yeah, sure. For landholders to be "fully compensated" let developers offer them the going rate for land.
Thankfully, the conservative opposition has seen the scam and is protesting. One would expect such a policy to be from a conservative government, but this is a Labor government. Relieving the land shortage by making some land cheap is not the answer. Developers will soon up the price when they on sale it.
What would be the purpose of setting up something that forces people to part with their land if it wasn't to help developers get that land? The state government gives the excuse of the renewal of Sydney. This of course is to hide the real reason from voters.
"The key is we do need to ensure that land holders are fully compensated." Yeah, sure. For landholders to be "fully compensated" let developers offer them the going rate for land.
Thankfully, the conservative opposition has seen the scam and is protesting. One would expect such a policy to be from a conservative government, but this is a Labor government. Relieving the land shortage by making some land cheap is not the answer. Developers will soon up the price when they on sale it.
