Tuesday, April 1, 2008

ULDA Affordable Housing ? I don't think so!

The Premier Ms Bligh, made a statement yesterday that made the news that should fill all large landholders with trepidation because the new Urban Land Development Authority sites have nothing at all to do with affordability in my mind and that means you have to question what the actual purpose of the ULDA really is.

The two sites, at Bowen Hills and Northshore Hamilton are large enough to house more than 30,000 people and are 108 hectare at Bowen Hills and Northshore Hamilton is a 304 hectare site and the two sites are located very close to Brisbane CBD and transport.

I guess the questions begin at this point, don't they? and as usual many of the answers are not being made public, like how much will a developer ( of the ULDA's choice )pay for each site and How much will people pay for blocks of land because both these areas are already very expensive and in particular the riverfront land at Hamilton.

So we'd have to say that the only affordable housing available will possibly be a one bed apartment in a medium/high rise block.

You have to wonder if this is going to be typical of the ULDA where Land is going to be given to a developer to create million dollar average suburbs on the river or close to the city and investors will probably snap up everything that is reasonable in price to rent out.

Keep your eye on this one.

2 comments:

Anonymous said...

Isn't it amazing that since given the green light to eradicate caravan parks we suddenly have an enormous housing shortage?
Why do Governments always insist on fixing things that 'aint broken'?
I guess Developer dollars are more important than community well being.
In my opinion, there is no cheaper housing than caravans and many Ausralians actually like living in caravans. We can also house more people at an affordable cost in caravan parks.
Our Politicians lose touch with the real world once they stop being ordinary citizens and become part of the elitist group.
Is there anyone who can break through and teach them some common sense?

Anonymous said...

Yeah, but in the end people in caravans are harder to rate, tax and control.