Planning racket exposed as Sydney land speculators gamble on re-zoning

By Leith van Onselen

A cabal of speculators that acquired swathes of land on Sydney’s lower north shore, in the anticipation of making a motza once the rezoned for high-rise development, are now sweating on State Government approval. From The Brisbane Times:

Developers who have taken a half-billion-dollar gamble on the rezoning of suburban properties on Sydney’s lower north shore face a nervous wait for the state government to come to their aid – in the face of angry and frustrated residents nearby.