Sydney’s East revolts against “massive overdevelopment”

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By Leith van Onselen

With Sydney having hit permanent peak hour:

And the city being transformed into a high-rise ‘battery chook’ farm:

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NSW Deputy Opposition Leader, Michael Daley, has slammed a “massive overdevelopment” in the inner suburb of Pagewood:

Mr Triguboff’s company Meriton proposes to build more than 3000 apartments over 10 years on the former British American Tobacco and Holden manufacturing site at Pagewood.

The large development next to Westfield Eastgardens is being built in stages…

But NSW Deputy Opposition Leader Michael Daley, and Labor’s planning spokesman, said Pagewood Green was “a massive overdevelopment on a grand scale”.

“It’s too big, the buildings are too close together and there’s inadequate transport,” he said. “It shouldn’t have half the number of units on that site”…

“You can’t blame developers when these sorts of mistakes are made,” he said. “They’ll get away with what they can get away with”…

It was the job of planners and the consent authorities to prevent overdevelopment, Mr Daley said. “But they let them get away with murder here”…

Mr Daley said the area was poorly serviced by buses, while the significantly delayed light rail project terminates at Kingsford.

He said local roads were often congested: “People can’t get in and out of the suburb. This development will make it worse because road and transport planning hasn’t been done.”

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Michael Daley protesting against “massive overdevelopment” is pointless unless the problem is addressed at its source.

The fundamental driver is obviously the federal Government’s mass immigration ‘Big Australia’ policy, which has increased Sydney’s population by nearly one million people over the past 13 years and is projected to increase the city’s population by 1.74 million over the next 20-years (three quarters coming via net overseas migration):

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Infrastructure Australia has already told us that under every build-out scenario for Sydney, traffic congestion will deteriorate further, as will access to jobs, schools, hospitals and green space, as the city’s population balloons to a projected 7.4 million people by 2046:

The quality of life that Sydneysiders have enjoyed for generations is being destroyed before our very eyes. And for what? To fatten the wallet of wealthy rent-seekers like Highrise Harry?

In all our days tracking Australian economics and politics, MB has never seen a policy vision so destructive to our living standards.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.