Professor Percy Allan kindly sent me a copy a report, to which he contributed, on living conditions in Sydney — prepared by the Urban Taskforce. Here are some interesting excerpts:<\/p>\n
Over the next 20 years Sydney will need at least 600,000 new homes located in infill sites and in greenfield sites on the fringes of the metropolitan area. But Sydney has not built sufficient homes over recent years with its current production only half that of Victoria on a per capita basis. Already the average house cost in Sydney is one of the highest in the world and this is impacting on affordability for many families. The Sydney median house is $100,000 more expensive than the equivalent in Melbourne. The average weekly earnings of a first homebuyer can afford a mortgage of $331,000 while the average house price in Sydney is $563,300. The lack of housing supply has led to an increase in rents by 40% over the last 5 years…….<\/p><\/blockquote>\n
Conclusion<\/h3>\n
Local government has aggravated Sydney\u2019s housing crisis by:
\n\u2022 Not rezoning sufficient land for affordable multiple dwellings,
\n\u2022 Not adopting clear consistent plans and regulations to guide permissible development,
\n\u2022 Not ensuring individual development assessments are independent of political and vested interests,
\n\u2022 Not spending enough on capital works thereby creating a large backlog of unsatisfactory community infrastructure,
\n\u2022 Using depreciation provisions and reserves for non-capital purposes,
\n\u2022 Under-borrowing for infrastructure enhancements thereby forcing new homebuyers to contribute disproportionately towards this end,
\n\u2022 Not sharing the cost of greenfield infrastructure with existing communities that inherited free public assets from previous generations, and
\n\u2022 Not sharing or outsourcing activities that would benefit from economies of scale and scope nor focusing on specific place management to better respond to community needs at a street level.<\/p>\n","protected":false},"excerpt":{"rendered":"
Professor Percy Allan kindly sent me a copy a report, to which he contributed, on living conditions in Sydney — prepared by the Urban Taskforce. Here are some interesting excerpts: Over the next 20 years Sydney will need at least 600,000 new homes located in infill sites and in greenfield sites on the fringes of … <\/p>\n
Continue reading “Australia: Sydney is reaching a liveability crisis”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[40,22],"tags":[1733,2065,2069],"class_list":["post-7021","post","type-post","status-publish","format-standard","hentry","category-australia-nz-countries-regions","category-other","tag-housing-affordability","tag-land-tax","tag-land-values"],"yoast_head":"\nAustralia: Sydney is reaching a liveability crisis - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Australia: Sydney is reaching a liveability crisis - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Professor Percy Allan kindly sent me a copy a report, to which he contributed, on living conditions in Sydney — prepared by the Urban Taskforce. 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Development occurred in locations where and when\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6265,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/11\/23\/australia-housing-affordability-still-poor\/","url_meta":{"origin":7021,"position":3},"title":"Australia: Housing affordability still poor","author":"Colin Twiggs","date":"November 23, 2012","format":false,"excerpt":"Interesting article by Leith van Onselen on Australian housing affordability. Today it takes \"380 weeks on the average wage (just over seven year\u2019s income) to buy a typical house. This is down from around 430 weeks average wages (just over eight year\u2019s income) required to buy a home in 2008\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":59735,"url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/12\/09\/flat-out-like-a-nation-sinking-matt-barrie\/","url_meta":{"origin":7021,"position":4},"title":"Flat Out Like a Nation Sinking | Matt Barrie","author":"Colin Twiggs","date":"December 9, 2024","format":false,"excerpt":"This lengthy essay by Matt Barrie on Australia's economic suicide is well worth devoting the time to read: Night view of Queen Street, Brisbane in 1959 Imagine you were given a singular task: to dismantle a nation \u2014 not with bombs, not with bullets, but from the inside out. Where\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"Australian Fertility Rate","src":"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2024\/12\/fertlityrate.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2024\/12\/fertlityrate.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2024\/12\/fertlityrate.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":13653,"url":"https:\/\/thepatientinvestor.com\/index.php\/2016\/08\/04\/high-speed-rail-plan-still-needs-to-prove-economic-benefits-will-outweigh-costs\/","url_meta":{"origin":7021,"position":5},"title":"High speed rail plan still needs to prove economic benefits will outweigh costs","author":"ColinTwiggs","date":"August 4, 2016","format":false,"excerpt":"Double-decker TGV leaving the Gare de Lyon of Paris. Source: Alno Geoffrey Clifton, University of Sydney The CLARA private consortium claims a high speed rail network between Sydney and Melbourne could be paid for at no cost to the government through a technique known as value capture. What is still\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"The Conversation","src":"https:\/\/i0.wp.com\/counter.theconversation.edu.au\/content\/63330\/count.gif?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/7021","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=7021"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/7021\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=7021"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=7021"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=7021"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}