Queen Lucy’s Greater Sydney Commission revolts against apartments

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By Leith van Onselen

It seems even Queen Lucy Turnbull’s Greater Sydney Commission (GSC) is having second thoughts about the endless destruction of the living standards as migrants are force-fed into the city. Today, the GSC has released a report, entitled A Metropolis that Works, lamenting the proliferation of apartments chewing-up industrial land. From The SMH:

The report, A Metropolis that Works, says that while only 8 per cent of land across the city is zoned for non-residential uses, almost 20 per cent of the city’s jobs are classified as industrial, with that figure reaching more than 35 per cent in western Sydney…

Even if land could more profitability be used for residential development, governments cannot continue to keep rezoning factories and warehouses for new apartments…

“The rezoning of industrial land to mixed use land has been a major fact of our city, particularly in the last property cycle. We just can’t keep doing that,” said Geoff Roberts, the agency’s deputy chief commissioner.

“We will end up with a situation where there’s no land for last–mile freight delivery, for Pizza Hut delivery, for concrete batching plants, for gyms, for where you get your car serviced,” Mr Roberts said…

The GSC has been a strong champion of Sydney’s immigration-driven population flood, so it’s more than a little hypocritical to then complain about the proliferation of apartments and the loss of industrial sites. The torrent of people will have to live somewhere:

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Such rabid population growth necessarily means that many existing sites will be bulldozed to make way for apartments and townhouses, as projected by the Urban Taskforce:

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Moreover, as explicitly projected in Infrastructure Australia’s recent report, liveability in Sydney will be crushed as the city’s population balloons via worsening traffic congestion and reduced access to jobs, schools, hospitals and green space:

Sydneysiders do not want to eat Queen Lucy Turnbull’s apartments, which are merely a profit centre for her court of realtors and developers to the detriment of everybody else.

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They clearly want immigration to be cut so as to prevent their living standards from being bulldozed into oblivion. It’s time the GSC recognised this fact and acted in the interests of Sydneysiders.

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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.