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