Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Sydney: Sale of rich harbor history sparks outrage  Join our daily free Newsletter

MENAFN - Arab News - 02/05/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) Ron jennings an 84-year-old with a penchant for brightly colored shirts has for decades lived in an apartment block with views of sydney harbor which until now money literally could not buy.

as a public housing tenant jennings paid a modest rent for his home in the rocks which along with almost 300 other public housing homes near the sydney harbor bridge is set to be sold.

the sell-off has enraged the community of millers point one so old and historic it contributed to australia's earliest european settlement and is listed on the state heritage register.

they argue they are being kicked out of the city in favor of the rich.

'the part that upsets me the most — can you ever remember a whole suburb being evicted? because that's what's happening" jennings told afp.

the government decision ends years of speculation about the fate of the area which abuts the aus6 billion (5.6 billion) barangaroo development set to house a luxury six-star hotel and casino and the rocks considered the birth place of white settlement in australia.

with still-soaring sydney property prices the highest in the country and chinese investors keen to snap up real estate in australia's biggest city the new south wales government is pushing asset sales to help balance the books.

waterfront properties come at a premium in the city where house prices rose 4.9 percent in the last quarter of 2013 alone according to the australian bureau of statistics.

millers point a small suburb which sits behind the long closed wharves of walsh bay has seen a growth in high-rise and waterfront developments in recent years as developers moved onto neglected properties with the wharves now home to luxury apartments and cafes.

the government minister who made the decision pru goward said the 293 properties in millers point and the rocks were being sold due to high maintenance costs the major investment needed to make some of them liveable and the 'high potential sale values."

she said the cost of restoring some of the homes to heritage standard was as high as aus800000 each and she could not justify sinking millions of dollars into a small number of properties while 57000 families were on the wait list for public housing.

'this decision was not taken lightly but it is the right decision in the interest of a sustainable fair social housing system" she said adding that the proceeds would be reinvested into social housing around the state.

within days of her announcement residents held a community meeting attended by hundreds of people in which they vowed to fight the sell-off.

barney gardner who has lived in millers point his whole life said there was no reason why low-income households should be locked out of the city and the community broken up.

'why should developers get to live here? why aren't we allowed to have the same dues to use the same housing as rich people" he asked the meeting.

'i haven't got much family but youse are" the 65-year-old told the meeting to cheers and applause.

no date has been suggested yet for the sales with goward saying that officials would work with tenants in coming months to help with their relocation with every resident offered reasonable alternative accommodation.

maritime workers have lived in millers point for generations and these links between the people and the property make it a rare if not unique precinct with evidence of human settlement spanning all historical phases in australia since 1788.

'the degree of integrity of that area the way that we can read the layers of the maritime history of australia on that site is really second to none" historian shirley fitzgerald told afp.

many houses in millers point were erected by the government in the early 1900s after an outbreak of the bubonic plague saw many homes torn down.

'the government built public housing in order to make sure that there was a viable maritime community to service the government wharves" fitzgerald said adding that shops and pubs were also provided.

'so the whole thing was like a company town for the maritime services board" the body which was in charge of the housing for many years and which allowed people to pass on houses to family members provided they were working on the wharves.

fitzgerald believes the sell-off will have a damaging impact on the city.

'what kind of a city can you have when you can't have any working people unless they're on a huge salary package living in the city? cities just don't work unless you have areas of affordable housing."

'that harbor was a working harbor and the lives and the blood and sweat and tears of thousands and thousands of working people have gone into making it work for us and now it sees to be okay to turn around and kick them out."


 


Arab News




  MENA News Headlines
 Dec 26 2014 - Russia hopes to host Syria talks in JanuaryThe Peninsula
(MENAFN - The Peninsula)  -Russia plans to host delegations from the Syrian opposition in late January, possibly followed by a visit by regime representatives that could bring the two sides together ...

 Dec 26 2014 - Lebanon's Hezbollah detains 'Israeli spy' in its ranksThe Peninsula
(MENAFN - The Peninsula)  Lebanon's Hezbollah has detained a senior party official it accused of spying for Israel and "sabotaging security operations" abroad, a source close to the movement said on ...

 Dec 26 2014 - Syrian rebel groups in Aleppo enter allianceThe Peninsula
(MENAFN - The Peninsula)  Rebel groups fighting in Syria's northern Aleppo province have agreed to form an alliance, a group monitoring the country's civil war said on Thursday.A lack of unity among ...

 Dec 26 2014 - Israel approves 243 new settler homes in East JerusalemThe Peninsula
(MENAFN - The Peninsula)  Israel has given preliminary approval for the construction of 243 new homes on West Bank land that Israel annexed to Jerusalem, and advanced plans for another 270 homes in ...

 Dec 26 2014 - Iraq, Turkey pledge to join hands to fight ISIS jihadistsThe Peninsula
(MENAFN - The Peninsula)  Iraq and Turkey on Thursday pledged to join forces to fight Islamic State insurgents who are holding swathes of Iraq and Syria."ISIS threatens not only Iraq's and Turkey's ...

 Dec 26 2014 - Tunisia arrests blogger for 'defaming' army officers: lawyerThe Peninsula
(MENAFN - The Peninsula)  Tunisian authorities have arrested a blogger who has been critical of the party of newly elected president Beji Caid Essebsi, as he returned home from France, his lawyer ...

 Dec 26 2014 - Qatar- Zakat Fund got 575 applications in November for aidThe Peninsula
(MENAFN - The Peninsula)  The Zakat Fund at the Ministry of Awqaf and Islamic Affairs received 575 applications for social assistance in the month of November.Zakat Fund, a charity dedicated to ...

 Dec 26 2014 - Kuwait commissions new gas processing plantThe Peninsula
(MENAFN - The Peninsula)  Kuwait has commissioned a new natural gas plant that will raise the energy-rich state's production capacity to more than 2 billion cubic feet a day, officials said on ...

 Dec 26 2014 - Egyptian pound steady on official and unofficial marketsThe Peninsula
(MENAFN - The Peninsula)  The Egyptian pound held steady at a central bank dollar sale on Thursday and on the black market.The bank offered $40 million and said it had sold $38.2 million at a cut-off ...

 Dec 26 2014 - Saudi lifts spending in 2015 budgetThe Peninsula
(MENAFN - The Peninsula)   Saudi Arabia will lift state spending to a record in its 2015 budget while covering a deficit with its huge fiscal reserves, the government said, providing the first ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help