LDA now scaring off bogus buyers

johnboy 4 December 2010 6

Back on 19 November we lifted the lid on how some companies were approaching land release ballots.

Today the Canberra Times has the happy news that the process has been tightened and seems to be scaring off the mules.

But the LDA said it put prospective buyers in the Bonner release last weekend on notice that they would be required to make a legal declaration that they were not acting for a third party.

The agency said the tactic resulted in 15 registered buyers failing to turn up at the ballot or withdrawing their applications.

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6 Responses to LDA now scaring off bogus buyers
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beardedclam beardedclam 8:46 am 12 Dec 10

Hi Joe and Jason,

You guys must have a pretty good life and easy going job. The bottom line is there are people out there that need land. There are mums and dads, builders, community groups etc. The LDA has the difficult task of delivering that land, that someone has to do. The thing is, you can out in place all the restrictions in the world on a land release, or anything for that mtter, but if someone is willing to put in enough effort, they will try to take advantage of the system. I ask you, can you come up with a land release system that is fair for all???? Sure there is the ballot system which you are no doubt thinking of, pick a name out of a hat. Good in priniple, but then you throw in things like political pressure, first home buyers requirements, construction industry requirements, small business, the list goes on. You see the point is, it is so easy to sit back and cry and whinge at the government beause they really, really easy targets. Everybody knows that the public servants are under heavy scrutiny and at times that may be fair, however there seems to be a lot of people like your good selves that think they really do understand and deserve to be heard. Thats all good, but from reading your thoughtless, generic drawl, which we have all heard countless times before, it really does come across as though you guys have just joined in slinging mud at an easy target without having any of your own thoughts to add. What’s the point? I joined this webpage just to tell you that. Dicks.

JasonW1956 JasonW1956 5:51 pm 04 Dec 10

Joeofcanberra said :

This is such BULLCRAP!
The land release were really bad blocks. The average block had a 2-3 metre fall on it, and the prices were up on these blocks compared to the previous releases. If you drew appointment number 90 or above, it wouldn’t be worth going to because you would be left with crap.

Wake up LDA. Haven’t you noticed that all the ballots that these companies are buying all these blocks of land, building low qualiity houses on them and selling them at inflated prices?

I rent in Bonner. I have watched these companies build these sub standed houses and take shortcuts and then sell them at prices which are just ridicoulous.

The LDA is a complete joke. Sending out personal email addresses like they did and over pricing land which in the last release would have an additional 10-20,000 extra in excavation costs!

Try and beat your own drum LDA. But the reality is your an incompentent department, putting out your spin.

Joe, you are right about everything except one thing. I disagree that just the LDA is incompetent.

The LDA should be proud of the fact they have managed to put a system in place to suck as much money as they can from home buyers in Canberra.

It’s always been known for them to put a spin on things. They spend thousands of taxpayer dollars on fancy marketing and offices when land is just walking out the door.

Without the LDA, the Government wouldn’t be able to spend money on “infrastructure” like the artwork you see on heading out to Woden or on the GDE which looks like a replica of 9/11 (no disrespect).

It’s unfair to LDA to just say their incompetent, it’s obvious that the whole Government from the top down is incompetent.

Skidbladnir Skidbladnir 3:07 pm 04 Dec 10

Toothless paper tiger.

This process was only implemented as a reaction once developers were caught in a fairly flagrant breach of process by media, the new process won’t stop the bogus participants, and only has the appearance of penalty without increasing the bureaucratic load for investigation.
If someone signed a lying stat dec, they’d still need to be caught, and even then there’s no penalty to developers involved.
Interested ‘ethically flexible’ individuals should just demand higher payment now that the potential penalty is greater.

Joeofcanberra Joeofcanberra 12:12 pm 04 Dec 10

This is such BULLCRAP!
The land release were really bad blocks. The average block had a 2-3 metre fall on it, and the prices were up on these blocks compared to the previous releases. If you drew appointment number 90 or above, it wouldn’t be worth going to because you would be left with crap.

Wake up LDA. Haven’t you noticed that all the ballots that these companies are buying all these blocks of land, building low qualiity houses on them and selling them at inflated prices?

I rent in Bonner. I have watched these companies build these sub standed houses and take shortcuts and then sell them at prices which are just ridicoulous.

The LDA is a complete joke. Sending out personal email addresses like they did and over pricing land which in the last release would have an additional 10-20,000 extra in excavation costs!

Try and beat your own drum LDA. But the reality is your an incompentent department, putting out your spin.

JasonW1956 JasonW1956 11:23 am 04 Dec 10

I guess you should ask the the question of how many people usually change their mind or just don’t turn up to these things…

Maybe about 15???

They all seem to be caught up in the whole proxy buyer issue and the real problem is the land supply and land rent problem…

dvaey dvaey 11:10 am 04 Dec 10

“But the LDA said it put prospective buyers in the Bonner release last weekend on notice that they would be required to make a legal declaration that they were not acting for a third party.

I think they should have made buyers sign this declaration after theyve already signed the land documents. If you want to punish people trying to exploit the system, then make them be stuck with the land they bought for the developer, or some other method that will prevent others doing it in the future.

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