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Home  »   Featured  »   State to Sell Off Sydney Harbour Homes

State to Sell Off Sydney Harbour Homes

Posted date:  March 30, 2014  |  No comment

New South Wales state government had recently announced that it would be privatizing 293 homes in Millers Point, a historic inner city suburb in Sydney, and 79 apartments at the Sirius block in The Rocks area nearby. Due to this measure, around 500 working class residents would be forced out of their homes. These measures are aimed at pushing the low paid workers and the pensioners out from the inner city and giving it to the rich people. This move is also expected to benefit the land lords in and around the region. Family and Community Services Minister made an announcement on March 19th, 2014 that these properties would be sold in another three months.
Millers Point is one of the prime real estate regions in the city near the Sydney Harbour Bridge. The homes, those are present in the region, dates back to 1820s. The homes in Millers Point were built for the mariners employed in the harbor. Over a period of time, the seamen, the maritime tradesmen and their family members lived in this region for decades together. The sell-off was started by the previous Labor government in 2008. At that time, the Labor government informed that this sell-off would be a ‘one off’ process.

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