Property Developers

MelonHead 1 May 2007 26

In a recent article in a magazine style publication seen all over town the spokesperson for the property people slammed the notion that property developers were greedy and uncaring. As mentioned in the article, all businesses are out to make a profit so why should we pick on property developers?

Hands up those of you who have ever heard, first hand, a property developer sigh, then utter the words, “No, I have made enough profit, no more for me. I will now just cover costs for the rest of the year.”

A quick look around this town at some of the developments in place, and proposed, just wouldn’t convince anyone that the developers of Canberra have no say at all in the local (farce) government. The Government has admitted that a major source of revenue is land release. They are not going to bite the hand that feeds them, therefore I put it to you that land and property developers can get away with almost anything they want.

As for lobbying, I would bring your attention to last night’s 4 Corners, “The Dark Arts”

Thats enough for my first rant.


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26 Responses to Property Developers
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andy andy 9:33 am 09 May 07

Annnd, this is the second one. I know of at least 2 other instances in the bulding as well. They may not show daylight through them, but clearly demonstrate shoddy workmanship.

http://img412.imageshack.us/my.php?image=pv02kt5.jpg

andy andy 9:26 am 09 May 07

Attached is a link to an Image taken recently at a large new development in West Belconnen.
This development is less than 12 months old, and the attached image shows that the developer is CLEARLY concerned with building a quality building…
(that white/silver stuff – that’s daylight.)
http://img96.imageshack.us/my.php?image=pv01me8.jpg

seepi seepi 3:17 pm 08 May 07

I thought developers did dictate width of streets in Dunlop and this is why they are so skinny.

andy andy 2:56 pm 08 May 07

Al, you deal with ACTPLA in a professional capability, or more a personal/social/societal/community capability ?

justbands justbands 3:49 pm 04 May 07

& for the most part, developers don’t dictate block sizes, or lack of pathsm, or width of streets.

justbands justbands 3:46 pm 04 May 07

Actually, that’s not boring developers..that’s boring home owners. Trust me. I know at least one prominent local building company very well, they’re constantly amazed at how boring & uniform people want their houses to be.

Al Al 3:53 pm 03 May 07

Crap crap crap.
Agreeing with Bonfire twice in one week.
This has got to STOP.
It can only end in [shudder] agreeing with Ralph and Barking Toad…
(Whom I’ve grow to suspect are one and the same of late)

Mr_Shab Mr_Shab 10:59 am 03 May 07

Thank you bonfire. A point we can agree on.

bonfire bonfire 10:28 am 03 May 07

developers in the act lack imagination.

look at the boring buiuldings they throw up.

built of blueboard and render.

packed in tightly, with backyards the size of napkins. streets designed for microcars.

no footpaths.

ugly ugly buildings with no regard to the environment they are in, packed with aircon and luxury appointments, cocooning their occupants in isolation from their city.

developers in this town disgust me.

VYBerlinaV8 now_with_added grunt VYBerlinaV8 now_with_added grunt 8:24 am 03 May 07

If someone develops first and asks permission later one would wonder what local govco is going to do (or has done) about it. If there’s no serious repercussions (and let’s face it, there usually aren’t), then why wouldn’t someone do this?

tuggers tuggers 3:29 pm 02 May 07

VY

Most people don’t want to fight the system. A few noisy ones will fight it. PBL won a high court challenge against the ATO because they were being audited. The Snow family have thrown everything in the way of the Epicentre proceeding and developments in Tuggeranong went ahead because Realty World under Brinkmeyer was audaucious enought to dare the new ACT Government to stop him. Manuka Plaza; the Silverton Centre and Clare Valley are examples of local millionaires developing first and asking permission second

VYBerlinaV8 now_with_added grunt VYBerlinaV8 now_with_added grunt 2:16 pm 02 May 07

Hey tuggers – no doubt the occasionaly freakshow can find ways to completely deduct their obligation to nothing, but most wealthy people I know (and I know a number I would consider very wealthy) plan their tax position carefully, but inevitably pay a lot (hundreds of thousands a year) of tax.

Al Al 1:35 pm 02 May 07

Well you hold onto that belief if you wish Morgan. Meanwhile I’ll keep on ACTUALLY dealing with the people in ACTPLA and making an actual difference.
Pandy you are right – the LDA has effectively disengaged from the community for at least the last year it would seem. Or forgotten they have a website…

In my experience there are two kinds of developers: those who buy land and develop what the planners had in mind for it, and those who buy land with some lesser planning objective (at an appropriately reduced cost) and then undertake a campaign to upgrade the development potential. Tralee is a classic case in point. Waterpoint in Belconnen is another example – land with an 18-storey limit but they lodge a DA for 22 storeys.
The second type of developer is the problem. They are effectively gambling on being able to pull off a windfall profit. Doesn’t always work but when it does, the payoff more than offsets any failures. And the community gets nothing from that windfall gain. Instead the community pays for it. It is this sort of developer that gives the industry a bad name but unfortunately the likes of the PCA and Catherine Carter choose to remain blinkered to the fact.

tuggers tuggers 1:21 pm 02 May 07

VY Berlina
That’s the reason Kerry Packer could justify paying 1c in every $ for his personal tax. I did also hear that PBL paid around $40,000 overall tax in his last year alive.

VYBerlinaV8 now_with_added grunt VYBerlinaV8 now_with_added grunt 9:18 am 02 May 07

OYM, you will likely find that although wealthy businessmen pay a smaller percentage of their real income as tax than we do, that their income is still so high that the actual amount of tax paid is much, much larger than Joe Average pays.

OpenYourMind OpenYourMind 8:17 pm 01 May 07

VYBerlina, I’ll betcha most of those property developers have enough tax scams running that their direct tax contribution is quite minimal.

Pandy Pandy 6:28 pm 01 May 07

Speaking about which, have you noticed how the Land Development agency has stopped communicating with the public? No media releases or newsletteras from the end of 2005.

http://www.lda.act.gov.au

morgan morgan 4:57 pm 01 May 07

why submit anything to actpla?
pointless… political donations determine how decision are made… there is no other real industry in town to fund the politicking and electioneering associated with the legislative assembly

case in point (and going beyond the issue of residential development to arguably a bigger problem)… the gaol… just another way for ratepayers dollars to end up in the pockets of developers

maybe we need a second and third gaol???

Al Al 3:10 pm 01 May 07

Given your stated concern about the state of planning in the ACT Kylear, I assume you are currently working on your submission to ACTPLA on their draft Territory Plan?
You cannot complain that ACTPLA/the Government/whoever only listen to developers if they are the only ones talking to them. There are processes in place for you to have your say, so use them:
http://www.actpla.act.gov.au/topics/programs_projects/change/planning_system_reform_project/tplan_consultation
And no I don’t not work for ACTPLA. But I do engage with them regularly on behalf of the community and find them very responsive. And they are crying out for more informed feedback from the community to balance other input they receive.

VYBerlinaV8 now_with_added grunt VYBerlinaV8 now_with_added grunt 2:38 pm 01 May 07

What do we expect? Are property developers registered charities? Of course they are out to maximise their profit! It’s also worth remembering that there’s NOTHING stopping any of us from pursuing property development as a career.

Remember also that these people pay a lot of tax, even after their deductions, so they do make a positive contribution to the country.

I figure that hey, it’s perceived as a dirty job, but someone has to do it!

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