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
 Apr 28 2015 - Qatar- HH the Emir Congratulates Sudanese PresidentQatar News Agency
(MENAFN - Qatar News Agency) HH the Emir Sheikh Tamim bin Hamad Al-Thani on Monday sent a cable of congratulations to President Omar al-Bashir on the occasion of his re-election as president of the ...

 Apr 28 2015 - Saud Al-Haqbani crowned with title of American International Challenge Tournament for TennisSaudi Press Agency
(MENAFN - Saudi Press Agency) Saudi team tennis captain under 14 years old player Saud Al-Haqbani was crowned with the title of The International Challenge Tournament, which concluded its ...

 Apr 28 2015 - Saudi- NAUSS Organizes 'Care and Counseling Role Facing Takfiri Thought' ForumSaudi Press Agency
(MENAFN - Saudi Press Agency) The Scientific Forum on 'Care and Counseling's Role in Facing Takfiri Thought' started its works, whereas it is being organized by the Faculty of Social and ...

 Apr 28 2015 - EGP 1.6tn deposits in banks: NBE chairmanDaily News Egypt
(MENAFN - Daily News Egypt) The total deposits in the banking sector amounted EGP 1.6tn, and the funding size increased to EGP 640m, Hisham Okasha, chairman of the National Bank of Egypt (NBE) ...

 Apr 28 2015 - Palestinian youth dies of injuries in JeninJordan News Agency
(MENAFN - Jordan News Agency) A young Palestinian succumbed Tuesday to wounds sustained during clashes with Israeli forces late on Monday in al-Araqa village in western Jenin.Palestinian sources said ...

 Apr 28 2015 - Capital market sheds EGP 7bnDaily News Egypt
(MENAFN - Daily News Egypt) The series of losses for the Egyptian Stock Exchange (EGC) continued for the second consecutive trading day, with the market losing some EGP 7bn. The preceding day the ...

 Apr 28 2015 - Hyundai Verna most sold car in EgyptDaily News Egypt
(MENAFN - Daily News Egypt) The Hyundai Verna was the most sold car in Egypt in January and February after achieving sales of EGP 338m. More than 4,000 cars were sold.The Verna is considered the ...

 Apr 28 2015 - Political situation in Arab world reflects negatively on job opportunities: ministerJordan News Agency
(MENAFN - Jordan News Agency) Labor Minister Nidal Qatamin said that the political situation in Arab countries, especially those that witnessed the so-called Arab Spring and which caused the economic ...

 Apr 28 2015 - Syria Bands Rock Beirut Music SceneArab Times
(MENAFN - Arab Times) Syrian rock bands fleeing war are finding safety and new fans in neighbouring Lebanon, where they are revitalising a Westernised scene with their focus on Arabic musical ...

 Apr 28 2015 - Egypt- Qalaa Holdings hires CI Capital to exit Tanmeyah firmDaily News Egypt
(MENAFN - Daily News Egypt) EGX listed Qalaa Holding has assigned CI Capital as advisor on the possibility of fully exiting its investments in Tanmeyah Micro Enterprise Services, the company ...

more...


 






Google

Internatinal Property Show

 
 

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