Fake Greens disgorge fake housing affordability plan

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Via Domain:

All new Sydney developments would be subject to a minimum 30 per cent affordable housing target in a bid to address the city’s housing crisis under a NSW Greens proposal.

The Saving Sydney package, announced on Friday by Greens MP and planning spokesman David Shoebridge, would also abolish priority precincts and restore planning powers to local councils, limiting “top-down planning”.

“Sydney has a deep and growing geographic divide based on household income and property values, and our planning system needs to address this,” Mr Shoebridge said. “That means ensuring we have affordable housing in all areas of the city, not just where the land is cheapest.”

…“It’s time that our planning bodies were not only more democratic but were also working with the state government so that all new development comes with the schools, trains and hospitals needed to succeed.

Talk about deck chairs on the Titanic. Local councils are in uproar thanks to over-development because their constituents are. Giving them more power will only result in them pushing the problem away from their own neighborhoods onto each other. As they all do it together it will simply choke the supply side resulting in ever decreasing housing affordability.

As the rest of us know, outside of Fake Green ideology there is also a thing called “demand”. If you address that side of the economic equation you deal with the problem at its root. Cutting immigration will immediately release the pressure on Sydney’s built and natural environments.

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You know, like a GREEN party would.

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.