Apartments, Market Price Shock is it Coming to Freo?

We see lots of development in Freo planned, a lot being driven by policy shifts by council to fulfill their socialists political agendas.

SEINFELD -- "The Frogger" Episode 18 -- Pictured: (l-r) Julia Louis-Dreyfus as Elaine Marie Benes, Jerry Seinfeld as Jerry Seinfeld, Michael Richards as Cosmo Kramer (Photo by Joey Delvalle/NBC/NBCU Photo Bank via Getty Images)

Caution needed in Freo for investment especially with current council, running down Brand Freo, while driving political agenda

We have seen the granny flat move from just that, to these ugly, unsafe container development in our suburbs. Also bringing  with it the 1/2 way house style housing, which will impact the regular housing value in the future, especially with what we see the industry predicting .

FROM GARDEN SUBURB TO GHETTO

HUGE URBAN DEVELOPMENT POTENTIAL FOR FREMANTLE | Freo’s View

“Fremantle already has a higher than average % of homes west than the average suburb and needs no more. Just 2 weeks ago we see cars torched at the cold store area as drug dealing issues come to the front in homes west houses again.”

Australian-attached-house-prices-Q1-2016

The worst is yet to come?

We see council policy pushing for smaller houses, no car parking etc, so when different entities try to manipulate the markets and drive it in a direction the natural capital market would take we see people getting badly caught out. This is a perfect way to build the slums of the future.

We see predictions of 20% drops in value of such developments, meaning people would walk away from deposits and leaving the developer to resell in a crashing market.

Where  we see regular traditional housing prices preforming better and the rural and outer suburbs and developments out preforming the metro areas.

Trying to drive cheap housing into areas with expensive real estate is counter productive, as it will impact the higher net worth properties too.

Council is scared of the market becoming to upmarket as this will kill off their voting base. easy to see their main concern, their own survival?

So we see infill, destruction of our urban canopy what looks like council trying to keep a centralized  voting base, by wrecking what makes our suburbs great.

Sadly the average home owner will only take notice, of the political agenda our council in Freo is running to late; based around the socialist agenda driven by groups like the UN. Who want to dictate to us how we live, where and with whom. Council plans to limit how many cars a family can own. Limit the ratio of the house size you can live in to the land you have to build on. It will not be hard to see why  Fremantle properties  could be hit hard, based on the low level of facilities/options Freo properties will have to offer, thanks to council, when compared to others.

Freo council seems good at working for very small groups, special interests, general supporters I imagine but broadly not so even good  at they poorly engage, the broader public.

Councils driving this small apartments and density it looks like this segment is about to get smashed lets hope, not to many lose their shirts in this crash. One thing for sure I wouldn’t be taking any investment or lifestyle advice from this crowd as, I don’t see many of them living the way the preach others should.

If this is style of development is acceptable to Freo council what else will they do to our suburbs, what will happen to  the most substantial investment most of us will make in yourh lives, what will it be worth after Freo Council is finished downgrading your suburb?

Freo Dongers

Freo’s future?

 

CITI: Where Australia’s apartment boom could unwind

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WA Excerpt From The 2016 August Market Report

 

Greens for trees | Fremantle Herald Interactive, But their actions tell another story

THE Greens are promising to double Fremantle’s tree canopy by 2040 under an “urban forest” plan. Freo council has already adopted a policy to increase the dire coverage of trees over barren streets…

Source: Greens for trees | Fremantle Herald Interactive

Where’s the Trees, where’s the Green?

 

Words are one thing all politicians are good at, action is another thing completely.

The Fremantle Council has a few greens on it and currently Fremantle has the 2nd worst hard surface amount in WA, according to the 202020, report.

Since that report was done we have seen the Esplanade Concreted over, worsening that particular situation.

We have seen the majority of these councilors; approve a plan that cut down 100+ mature trees in White Gum Valley on the Old Kim Beazley site.

They also did not demand that the developer give the necessary 10% additional open public space as is normal with these developments, instead allowed them to use the public space that was already there. So the developer could get in more small blocks adding more concrete and hard surface covering.

Then we see the Burt St development went down a similar path with council again not stipulating the required 10% open public space, again allowing more concrete more hard surface covering.

We see this council with all these Fremantle council members most of houses, driving for smaller and small blocks, higher R-codes, high density, more med high rise development, which leads to more and more trees being cut down.

Again we see the Concrete from our green council pouring into our parks so they build basketballs on park land which Fremantle already in short supply.

Most councils in the world supply similar services to their residents, sporting areas are great. What most councils with an ounce of common sense do is invest that money into areas that are run down or poorly utilized, in disrepair etc, to build these public services. Not Fremantle council they go straight for the park land and trees, pouring in the concrete.

Then we see more concrete coming down a Port beach with the new flow rider system, more open land for concrete.

We see in a report last year that over 90% of new trees planted by councils don’t make, so for even the ones that do we have to wait 2 decades to see some benefit from them. You think that would make the existing trees even more precious, well I guess not for Freo council.

So when they say they will improve the tree canopy to double by 2040, I see they didn’t make a note of what the coverage is presently, so we are clear from what point we are starting from. Otherwise just expect more of our Mayors unique smoke and mirrors, slide of hand. Also not clarified is whether, Fremantle’s means the CBD, the greater city of Fremantle, the State Electoral boundaries, or the Federal election boundaries

We have many of these councilors and mayor for a decade now, yet still our tree canopy shrinks.

So with it taking at least 20 yrs. to get a tree and its canopy established , all going well, that means  for the Greens to succeed they would have to double all the trees currently in Fremantle, have them all survive and grow above the roof line of houses to be considered a canopy.

That’s a bit hard when the greens on council are hell bent on density, which now is just clearing blocks removing everything just to squeeze as many dwellings as possible.

Then we have the Councils drive for urban rail and the route the Mayor and his team are taking that will be hundred’s more trees cut down to facilitate that.

Then we have the ever increasing amount of containers coming from the Fremantle port even if the Outer Harbour is built, and of course our council has objected to that too. Instead building the massive Lat 32 which adds 140 km2’s of hard coverage to Cockburn and destroying any tree canopy there too. So it’s hard to see how they will double tree canopy when the Fremantle Council supported policy is to build the biggest industrial park in Australia.

So actions speaking louder than words, it’s a fairly pie in the sky promise, which should have its intended action of rallying a few voters for the green cause and have its disciples sprouting the virtues of the Green Dogma, while its agents at Council, keep driving up the R-zoning clearing more trees, and laying more concrete. Going in the opposite direction of the said promise, only to blame, capitalists, Tony Abbott or conservatives about the evil ways when in fact it looks like the greens are just showing their hypocrisy yet again.

What is Urban Tree Canopy?

Urban tree canopy (UTC) is the layer of leaves, branches, and stems of trees that cover the ground when viewed from above. In urban areas, the UTC provides an important storm water management function by intercepting rainfall that would otherwise run off of paved surfaces and be transported into local waters though the storm drainage system, picking up various pollutants along the way. UTC also reduces the urban heat island effect, reduces heating/cooling costs, lowers air temperatures, reduces air pollution, increases property values, provides wildlife habitat, and provides aesthetic and community benefits such as improved quality of life.

Urban Bush land Council’s Mary Gray agreed that more trees were needed in metropolitan areas,,,

“Unfortunately, they tend to bulldoze the whole landscape instead of looking at what’s there and then building in amongst it.

“It seems crazy to wipe the whole lot out.”

Killing the Great Australian Dream – Limit urban sprawl, says Freo mayor Brad Pettit – The West Australian

 

 

Is Kings Sq Cash Cow, the Department of Housing Move All Over, Lost with other Barnett’s Proposed Fire Sale of Public Assets?

So we see in Parliament that some of the Liberals government sale of public assets, are off the table as the depressed property market is killing off the chance of a good sale price.

The other night WA Treasury has admitted that the sale of Assets like the Department of Housing (DOH) is no longer fiscally responsible, so they are off the table.

Will Fremantle’s Mayor Brad Pettitt, obsession over Kings Square at any cost to its rate payers, now finally do down in flames saving the COF from a potential financial  disaster? Has the sway of luck finally fallen Fremantle’s way.

 

 

So with the sale of the DOH property all over, how will the state government justify the relocation of the DOH to Fremantle, as they now live/reside in a rent free bottom line. Not to mention the millions of tax payers funds needed to relocate the 1000’s+ work force from Perth to Freo.

The question is, how  would the government justify the movement of such a department when clearly now the financial position has completely changed?

Many financial questions will be asked of this government in the next state election, will the Fremantle’s Councils Kings Square debacle be one of them?

Or will Barnetts boys brush this skeleton finally from its closet?

Fremantle Fire Sale by Council? How is it different from Barnetts?

firesale_by_lolmanic45-d3jrtsy (1)

 

Amazing how crowds can protest thru Fremantle for union day about the State Government selling our assets, where the very city there are protesting in, is going exactly the same thing they are protesting against, Barnett about. Makes it all look political not practical, the hordes of pollies doesn’t help the appearance.

This is sadly where common sense leaves the discussion and politics enters. Naturally the unions are anti -Barnett and lets face it, he does in my opinion  some dumb shit. But here I can see the Fremantle council and our Mayor doing exactly the same sort of stuff that Barnett is going. Whats the difference? The politics.

But some, due to their political blinders, or blind hate of anything right of the labor party, clouds their common sense and sight form viewing whats right in front of them.

 

City of Fremantle has sold or is planning to sell the following assets

  • Point St Car park block
  • Bannister St Car park
  • Queens gate building
  • The Spicer site
  • Henderson st Car park
  • The Stan Reilly aged-care site.

Have all these sales, been  put out for public tender? perhaps not.

Imagine the up roar if Barnett put the Freo port up for a private one vendor only choice lease, not even a sale but just a lease, the Freo uproar would be incredible.

Well that’s exactly what Freo council has done with one company for 3 separate assets in Fremantle, well not quite,  Fremantle council is selling them at a cut rate, not just leasing them without any public tender. At least the port we get back in 50 or so years for our kids to benefit from. Fremantle Councils assets are straight up just selling our kids inheritance. Cue another council rate rise.

All in the name of profiteering, isn’t that another thing May Day addresses, use of public assets for private profit? Right here in Freo, no need to look to hard.

HUGE FREMANTLE OVAL DEVELOPMENT PLANS from freoview

Now we see the council  wanting to sell off the Stan Reilly site, and invest the money in the oval.  Sounds good to a point. Will this investment make money and if so, for who??

Will it benefit the residents and rate payers or will it benefit the a select few event organizers who run festivals  in Freo?

Do these festivals all pay for the public space they take to use for their own personal profits?

Or does the council give these public spaces for Free at rate payers expense??

Do they pay to fix and repair the damage their events do the public park space, they so happily fence off?

Or do the rate payers and residences cough up for that bill too?

For a Mayor who, likes to talk about transparency, you have to wonder where it actually is?

Do these events take over all the parking in town limiting whats left for the rest of the cities businesses to use? So what do you think this new car park is paid for by, the sale of rate payers assets, will it be for the benefits of the said residents or will this car park become the free VIP car park for events included in their ticket price for companies to increase their gate charge and up the profit margin?

So the May parade photos of protesters make me laugh they are so one eyed they can’t see the Green and ALP dominated council is doing exactly the same thing and most of these locals who would march are the one who would  support the council.

So are they mad that the assets are being sold or is it just who’s selling them that is a problem?

That’s politics over common sense.

 

 

Groups demand square rethink | Fremantle Herald Interactive, Plus a Little WA Inc?

ABOUT 170 members of three Fremantle community organisations met Wednesday evening, calling on the council to rethink its Kings Square plans. Following a presentation by commercial adviser Martin L…

Source: Groups demand square rethink | Fremantle Herald Interactive

 

 The arrogance of officialdom should be tempered and controlled, and assistance to foreign lands should be curtailed, lest Rome fall.” Marcus Tullius Cicero

 

Great to see community groups getting together to ensure the best of our city.

Over 2 years the council has repeatedly not answered the questions and hides behind hidden document secret meetings.

How we see this in yesterdays herald.

KINGS SQUARE DEAL ‘FREO INC’?

http://www.fremantleherald.com/fremantle.pdf

http://www.fremantleherald.com/

Chapter Three: W.A. Inc.: Why Didn’t We Hear The Alarm Bells?

Premier is quoted as it smells like WA Inc., when further questioned, doesn’t deny but give a “no comment”
That tells story’s by its self.
I wonder if they would risk moving a government department to a place where there is such controversy and community concerns.

They have a government election around the corner supporting a council led project that has potential blow MILLIONS of $$$$$$$$ of rate payers, money??

Why does the Mayor push so hard for the Sirona deal to go through surely if they come to Freo anywhere is a bonus???

What does the Fremantles Mayor Brad Pettitt have to gain driving this one deal, that risks so much of Fremantles financial future??
Is it just ego?
We have seen a past mayor call it lunacy.
A sitting Premier compare it with WA Inc.
Two financial specialists working in in big business question the basic business financial soundness of the citys Business Plan.
# community groups that have run multiple community events to inform the residents and rate Payers.
Questions asked in Parliament about it.
Hidden documents by council
Secret meetings
Public attacks on a resident for raising questions on the Business plan.
A minister for local government refusing to investigate, whats he afraid he will find?
A new independent Councillor just entering the council voted against, Brads plan
All this and the Brad train just blunders on clearly he could not care less about about public concerns the very people they was swore to represent.

When questions are raised on the Mayors blog it been claimed edits or deletes them, bloggers have to post to other sites, only then it seems the Mayor will post the questions, while never answering whats asked but spinning to another angle. I have had similar issues in the past myself, others now coming out with the same claims. Its why i stopped reading it, just another promo blog.

Non of this seems very Mayoral

 

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