Millers Point

Friday 29 August 2014

New committee to develop the government's vision for Sydney's harbourfront

August 28, 2014  

A new committee will develop some of Sydney's most valuable public harbourfront land, including The Rocks and Circular Quay.
A new committee will develop some of Sydney's most valuable public harbourfront land, including The Rocks and Circular Quay
              Responsibility for the future of Sydney's harbour foreshore will be handed to a high-powered committee led by former transport mandarin Les Wielinga.

The multi-agency body will develop the government's "strategic vision" for the area extending from the Bays Precinct through to the Royal Botanic Gardens, including Barangaroo and Millers Point.

Mr Wielinga will also help determine the fate of the Sydney Harbour Foreshore Authority as the new chairman of the agency that was established in 1998 and now controls more than $1 billion in public property in The Rocks, Darling Harbour and Circular Quay.

 The new development at Barangaroo will also be part of the government vision.
The new development at Barangaroo will also be part of the government vision. Photo: Dominic Lorrimer
No deadline has been set for the committee to deliver its overarching plan for Sydney's foreshore, but Mr Wielinga will report back to the government with his recommendations for the future of SHFA next year.

This "review of the functions of the organisation" is a step back from scrapping SHFA outright, an option reportedly considered by cabinet earlier this month.

Planning Minister Pru Goward said the variety of property owners "and the level of duplication" was one of the challenges of developing a plan for the harbour and foreshore.

"Ownership of property on Sydney Harbour's foreshore is like a patchwork quilt," Ms Goward said. "For years there has been no government body with clear responsibility for managing all the different interests, or developing a clear vision for the future.

"That is why a committee is being established to have overarching responsibility for developing a vision for the foreshore and bringing together all the agencies and entities which have an interest, for the benefit of every Sydneysider."

The heads of the Department of Planning and Environment, Premier and Cabinet, Transport for NSW, Roads and Maritime Services, NSW Treasury, Trade and Investment and Government Property NSW will comprise the committee.

It will consult with the community and stakeholders, such as the City of Sydney.

The committee's formation follows major government decisions about Sydney's foreshore, including the sale of all public housing in Millers Point and the plan to open up 80 hectares of land in the Bays Precinct to development.

The opposition's planning spokesman Luke Foley expressed concern about the direction the government was taking, noting the future of the Bays Precinct was being led by the state's property development arm, UrbanGrowth.

"My concern is that the thrust of government policy concerning the Sydney harbour foreshore seems to be directed at development and commercialisation rather than developing the public realm," said Mr Foley, who added the master plan for the Royal Botanic Gardens included a "grotesque visitors' centre near the Man O'War Steps".

Greens planning spokesman David Shoebridge said the new committee added "just another complex layer" to Sydney's planning bodies.

"These ad hoc authorities and this ad hoc carving out of planning powers from the City of Sydney has produced an incoherent planning framework," Mr Shoebridge said

"The better solution rather than creating yet another body would be to return these areas back to the City of Sydney and have one respected planning authority for the whole area."

Resourced: http://www.smh.com.au/nsw/new-committee-to-develop-the-governments-vision-for-sydneys-harbourfront-20140827-1093wf.html 

NSW opposition calls on Fair Trading to investigate sales of state-owned Millers Point homes

August 29, 2014 
This house at 29 Lower Fort Street, Millers Point, had a price guide of $1.5 million-$1.6 million. It sold on Tuesday for $2.56 million.
This house at 29 Lower Fort Street, Millers Point, had a price guide of $1.5 million-$1.6 million. It sold on Tuesday for $2.56 million.
Opposition housing spokeswoman Sophie Cotsis has called on the NSW Department of Fair Trading to investigate the first two sales of state-owned property at Millers Point.

Ms Cotsis has formally written to Fair Trading Commissioner Rod Stowe to demand an investigation after two terraces at Millers Point sold for significantly higher than the price guide provided to potential buyers.

"The NSW government must halt the sale of public housing properties in Millers Point and investigate the massive discrepancies between the advertised prices and the final sale prices for these properties," she said.

This house at 119 Kent Street, Millers Point, had a price guide of more than $1.3 million. It sold last week for $1,911,000.
This house at 119 Kent Street, Millers Point, had a price guide of more than $1.3 million. It sold last week for $1,911,000.
                
The first state-owned property to be sold, at 119 Kent Street, went for $1,911,000 at auction. The initial price guide of more than $1 million was revised to more than $1.3 million before the auction.

Another state-owned property, at 29 Lower Fort Street, stunned onlookers when it sold on Tuesday for $2.56 million. The price guide on the day of the auction was quoted as between $1.5 million and $1.6 million.

The state government has refused to disclose what the reserve was for the first two auctions.

Ms Cotsis also criticised the private nature of the auction campaigns.

"When I tried to inspect the first auction, I was denied entry, even though these are public assets," she said.

"The NSW Liberals are holding these auctions in secret, which raises concerns that taxpayers may not be getting the proper value of these assets."

Millers Point: a community under the hammer
Millers Point: a community under the hammer
Millers Point: a community under the hammer

A real estate agent who has been closely watching the sales has suggested that the first property at 119 Kent Street was "under sold".

"I believe that one should have gone for between $2.5 million and $2.7 million," Edwin Almeida from Just Think Real Estate said.

"The young man who bought it has just won himself the lottery at $1,911,000."

A representative of Fair Trading said "we treat any evidence of underquoting seriously".

"NSW Fair Trading has received a letter from Ms Cotsis this afternoon regarding public housing sales in Millers Point and we are looking into her request."

RESOURCED: http://smh.domain.com.au/real-estate-news/nsw-opposition-calls-on-fair-trading-to-investigate-sales-of-stateowned-millers-point-homes-20140828-109jpc.html