Letter Published: Outrageous land prices

Sunday Telegraph 4 November 2007
It is astounding to learn that Landcom, an organisation set up by the New South Wales Government to offer affordable houses on the city fringe, is demanding up to an outrageous $380,000 for newly released housing lots in Helensburgh ("High-rise towers for the aged", Sunday Telegraph 28 October). Such prices cannot be justified as agricultural land sells for the equivalent of only $6000 per housing lot. Instead of releasing sufficient land to meet demand, Landcom’s role has deteriorated to hoarding land and making housing unaffordable for most people. Those seeking a home are forced to live packed in like chooks in battery cages or to move to another State. No wonder Sydney is now numbered among the world cities with the most unaffordable housing.

Tony Recsei
President Save Our Suburbs