A major crisis has descended on the Coffs Harbour region, which needs urgent attention. I am referring to the housing crisis, which is only going to get worse.
By Rodger Pryce
People are leaving major cities, moving to a Covid safer environment, bringing with them far greater financial resources.
Rental accommodation is at zero with rent levels escalating wildly out of control, prospective tenants offering up to $100 more per week than what is being sought plus, 12 months rent in advance.
The house sale market is doing the same, lots of properties are sold above the asking price, as soon as properties come on the market they are sold.
This is only going to get worse, people in major cities have learnt, due to the crisis, that many can work remotely and from a more desirable, safer location. You can not stop this, you can not put a limit on what people charge nor receive.
It’s a classic supply and demand scenario, pricing locals out of the market, putting pressure on lower income brackets. The solution is more housing so as to increase the supply, land already zoned residential needs to be fast tracked by our Council.
Our infrastructure needs urgent attention, especially our refuse facilities, roads and other services. Coffs Harbour has one of the highest rate collections per ratepayer in NSW, yet one of the lowest expenditures per ratepayer on services.
This is disgusting.
It is impossible to limit people moving here, we are in immediate danger of Coffs Harbour, and the broader Coffs Coast, becoming a haven for those that have, to the detriment of those who have not.
Where is our Council, where is our Mayor?
Get your eyes on the ball and move to address infrastructure and land release.
Rodger Pryce is now semi-retired and farms in the CHCC LGA. Previously he was in real estate for many years and was the principal developer of the new Coles site in Harbour Drive.
He has also been involved in other developments locally.
The above was first published at the Coffs Coast Independent News Facebook page on Saturday 16 January 2021 where at 09,00 on Monday 18 January it had attracted 205 comments (two from the editor of CCO) and is reproduced here with Rodger’s permission.
The ABC published an interesting article on this, (which the photos above came from) and the issue as it relates more widely geographically on 17 November last. It can be read here; https://www.abc.net.au/news/2020-11-16/northern-nsw-property-byron-bay-bangalow-coffs-wollongong/12876464