Tip of the iceberg when it comes to examining the corruption of land ownership in Australia. It’s hardly talked about. The linked article doesn’t even talk about it.

The public as a whole (and traditional owners) should be the only financial beneficiaries of rezoning.

I suspect private maximisation of rezoning profits is the reason behind why urban developments here are almost universally that awful single-story no-greenspace roof-to-roof packed suburban hellscape.

  • joao
    link
    fedilink
    English
    arrow-up
    19
    ·
    5 months ago

    A pair of would-be developers with links to an international gold mining company have lost their legal fight for $5.5 million in compensation after a rural acreage they were land-banking near Coffs Harbour was swallowed up by the Pacific Highway upgrade.

    Couldn’t have started in a worse way if you wanted my simpathy.