Guess who loves Albo’s Giant Australia?

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The Minns NSW Government has given the go-ahead for massive shoebox apartment complexes all across Sydney that override local environmental plans.

To accommodate Mad Albo’s ‘Giant Australia’ mass immigration, sacrifices must be made.

The mayors of Sydney local councils claim the policy is a ‘Trojan horse’ for more shoebox apartments.

Councils have criticised this policy as an unacceptable infringement on their rights, arguing that they need a seat at the table and should not be “sidelined”.

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The Hills Shire mayor, Peter Gangemi, described the policy as a “free for all” for developers and “a Trojan horse for more shoebox-size apartments in suburbs that can barely cope”.

“Our roads are congested. Our schools are overcrowded. Our sporting fields are under pressure”, Gangemi said to The SMH.

“Now the premier says our local environment plans are the problem. It’s an insult to councils and a slap in the face for residents. [It] has the potential to trash our suburbs”.

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Waverley mayor, Paula Masselos claimed developers are “laughing, because they will have had significant windfall benefits as a result of putting in a few affordable housing units for a short period of time”.

“You’re also cramming a whole lot more people in at the detriment to public amenity”.

On man who is laughing all the way to the bank is Billionaire Meriton developer Harry Triguboff, who has heaped praise on Chris Minns as the “first premier” in favour of high-rise apartments.

Harry Triguboff
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These high-rise shoebox apartments would not be necessary if the federal government did not choose to grow the nation’s population like a cancer cell through massive immigration.

This century, Sydney’s population has grown by over 1.2 million people, nearly entirely due to net overseas migration.

The federal budget also estimated that NSW would add 578,000 people over the five years to 2026-27, almost entirely through net overseas migration:

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Population by state

Source: 2023 federal budget

Assuming historical settlement patterns persist, Greater Sydney will receive 70% of NSW’s anticipated population increase, amounting to around 405,000 people.

The most terrible aspect of all of this is that we are only a few years removed from Sydney’s ‘crisis’ of combustible and defective apartments.

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Indeed, according to a Strata Community Association NSW study published in October 2021, nearly four out of every 10 new apartment complexes in NSW contained major flaws.

Clearly, the NSW Government has forgotten these inconvenient facts and doubled down on a high-rise slum future by taking power away from councils and giving it to developers like Meriton.

Make no mistake, a large proportion of Harry Triguboff’s wealth has arisen from ‘privatising’ the gains from mass immigration and other pro-growth policies, while the costs have been ‘socialised’ on everyone else.

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Australia needs a productivity-driven economy that shares the gains. Not a dumb population-based one that destroys the Australian way of life.

Sadly, our political elites long ago gave up on governing for the benefit of the Australian people.

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.