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?

 

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WA Excerpt From The 2016 August Market Report

 

Is Fremantle on its way back from the brink? Domain missing the main points

Once recognized as Western Australia’s thriving, cosmopolitan second city, many of Fremantle’s retailers and small business owners have been struggling to stay afloat in recent years but the winds of change are in the air.

Source: Is Fremantle on its way back from the brink?

The first issue is what took Freo to the brink in the 1st place? Is it back, I don’t think so?

The so called anti-development did not drive out all the businesses and cause all the “For Lease” signs across the city. Protecting heritage is essential as its one of the things that makes Freo unique.

The loss of many key Fremantle icons and draw cards are at the heart of what killed Freo, or is still killing it.

To say not building a new office block or apartment is killing the city is not true, if it was then many old historical cities would have died off instead they thrive. Taking what they have, working with, protecting it, maintaining it and using them to drive their cities forward.

If Freo can make the top 10 places on Lonely Planet to visit it wasn’t talking about new hi-rises, or the Mayors drive for development at any cost, as most of the new stuff we see going up is pretty tacky. Of course there is some great stuff coming online as well.

Freo’s real decline is seen in the loss of places like Myers, the Dockers, the deal for oval has just inept, the decline of places like Fly by Night.

Deckchair Theatre to close after 30 years

How many of these types of business, has the council seen go under in its time?

Then there is Freo’s shocking reputation for parking and its councils anti-car policies it’s driving constantly.

Freo’s even worse reputation for anti-social issues. Business and locals have been complaining about this for years its only just recently the council has woken from their slumber on this issue, of course we have the likes of wainwrights and his socialist buddies, who seem more worried about the druggies, vagrants, anti-social drunken crew, the vulgar language etc, etc. Than he is on the ones who pay the rates to fund the cities, councilor driven ideology, oh and pay the fees, that puts in his pocket. Of course it’s all the state governments fault not the city’s councilors and Mayor who have made these issues worse. Amazing how the Mayor of Perth clean up these issues in Perth, yet our Mayor and councillors laid out the carpet for it now they are trying to pull it back. 1-step forward, 2 steps back.

The Mayor Brad Pettitts drive for bigger and bigger booze events and venues where in some cases he gives away the space to the operator for free, letting local rate payers foot the bill the repair bills. Of course the bigger the booze event the more anti-social problems?

To show the hypocrisy the councils wants to have some sort of drive for stamping out domestic violence, yet on the other continues to drive bigger and bigger booze based events and business, it’s just laughable, you will see Wainwright talk about all these issues but vote for a massive booze sponsored event on south beach.

Fremantle Councillors Hypocrisy on Advertising or are they just having laugh?

REFUGE BACKLASH

HILTON councillor Sam Wainwright says his council probably erred by keeping locals in the dark over its plans for Warrawee women’s refuge.”

Again they talk about transparency yet vote to close the door on it.

ZERO-TOLERANCE FOR BEGGING ‘FLAWED’

“Fremantle mayor Brad Pettitt is on record claiming police research had identified many beggars in the city aren’t homeless.

But when the Herald checked the research, it didn’t back up Dr Pettitt’s claim.”

FREMANTLE’s BLIND EYES ON THE STREET

Fremantle’s declining tree canopy

2nd worse place in Australia for coverage of concrete and bitumen in a city, our councils lust for pouring concrete into our parks.

Fremantle’s councils drive to call graffiti art giving our once great city its ghetto look.

The cities lack of focus on basic maintenance our town hall on the verge of ruin if basic gutter and rood repairs are not done.

Hi-rise development for offices and apartments are not what makes a city great, of course I don’t expect anyone profiting of this to agree as its their pockets the money flows too. As long as its all honest and above board nothing wrong with that but don’t kid yourself that a developer has the best interest  of the city at heart, that’s like thinking a mining company has best interest of the environment in their mind 1st and fore most. No its about $$$$ the bottom line.

Another piece of journalism written with COF issued blinkers, I wonder if the Mayor gets to proof read these before they go to press?

The picture in the piece is one of the Mayors white elephants, the Kings Square Business Plan and issue that has been questioned in parliament and a minister responsible refuses to even give it due scrutiny. Google this and list of questions is endless, a project that could cost the Fremantle rate payers over $30,000,000.00

People investing like to see a steady reliable record of operation before investing in a location, the back flipping policies and style of council hardly sends that message.

The last survey report of the rate payers in Fremantle shows a city at its lowest point in history. the reputation it has for graffiti is shocking.

The recent election show’s them having their lowest vote turn out in history and more than 54% of the votes cast in the election for non sitting councillors, a clear majority that voted aren’t happy with the current direction.

All these issues are what’s killing freo, building a few new offices isn’t going to fix these problems. It would be great if it could.

 

FREO DEVELOPMENT COULD BE BETTER | Freo’s View

FREO DEVELOPMENT COULD BE BETTER | Freo’s View.

I know what you mean Roel they are pretty shoe box looking places springing up, the Knutfords one has that look to it too, lets hope the new development coming up are going to turn out better?

But  I don’t know if I would agree that is how all of WA is heading.

Look at a design put forward for Elizabeth Quay god knows if will ever get up but box like its not.

perth concert hall Perth concert hall 1

 

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Then look at the great job of the Print hall area, looks like a shot in xin tian di right here in Perth

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Brookfield Place – home to Print Hall, The Heritage, Bobeche, Mont Blanc and Daniel Hechter – also won three awards. Photo: Peter Bennetts

Can’t decide if i like it or not but the Perth Arena is award winning and certain not a plain old box type

1_Perth-Arena-729-620x349

Photo: Duncan Barnes,

Then we have a new staduim or footie field coming to perth, which i dont think is really big enough if its being built for the next 50yrs? But all the same a spectaular looking ground, worthy to hold big international events?

Winning-new-Perth-stadium-design-revealed-00

 

 

New train station or rail link to perth from the footie ground

staduim rail

 

The new East perth Apartments looked pretty flash too.

So i dont think all development in WA is looking like boxes but it would be nice if Freo saw some of this sort of action

 

 

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