Millers Point sales shock investors

Millers Point sales shock investors

Millers Point: Prized harbourside land is being sold to investors. Buyers were expecting a rundown terrace for sale at Millers Point to sell for around $1.5 million. It sold for a staggering $2.6 million.

Stuart Bocking asks Minister for Family & Community Services Gabrielle Upton if she can guarantee that the proceeds from the sale of the Millers Point households will be put back into public housing?

Resourced: http://www.2ue.com.au/blogs/2ue-blog/millers-point-sales-shock-investors/20140828-3egn1.html  



Resourced: http://www.2ue.com.au/blogs/2ue-blog/millers-point-sales-shock-investors/20140828-3egn1.html  


This was the home for 6 people working in the city up until the last tennant died 4 years ago. all it ever needed was a coat of paint and the gutters cleaned outand repaired to be livable again. what alot of wasted rent over the past 4 years

peter Tuesday 2 September, 2014 - 9:50 PM

This minister has yet to meet with the residents on Millers Point personally even after continuous requests. Sales at Millers Point without the 2 recent sales has already earned the government over $42 million. Where are all the new properties they have acquired with these funds? Where is all the new housing stock they have acquired with monies made from other sales of housing stock across the country? Housing have sold twice as many properties as they have actually acquired in the last 12mths alone. There are many many empty properties dotted around the country that could be used to accommodate ppl on the waiting list but are left to sit empty. What is the point of properties sitting empty, in some cases for years on end? Why move the residents from Millers Point before selling all the empty properties first? If they have 300 empty properties to relocate the residents of Millers Point to, why have these properties not been allocated to ppl who have been on the waiting list for years??? So many more questions need to be asked by the public who as you say, own these properties. Also where is all the money Mr Packer paid for the prime real estate at Barangaroo? Where has that been reinvested?

Cindy Friday 29 August, 2014 - 7:53 AM