Government reviews proposal of building new homes at Glebe Island
It boasts million-dollar views, but no one calls it home. Now the state government is reviewing whether the ports at Sydney's Glebe Island should make way for thousands of new homes. A decision has not been made yet, but the premier says it is an attractive proposal even if the state’s port authority believes the move would drive-up building costs.
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00:00Harbour views and within walking distance of the CBD.
00:06To the Premier, that sounds like prime real estate.
00:10It's very attractive for us to explore it.
00:12We haven't made a final call on it and obviously we have to talk to industry but I'm not going
00:16to turn my back on it.
00:17Sections of the Bays West precinct were already up for redevelopment.
00:22Now the Government is also considering shipping the Glebe Island port and replacing it with
00:28housing.
00:29Right on top of the new Metro station, due to open in 2032.
00:34Low cost housing, build it, build it as much as you can.
00:38Why not?
00:39Yes.
00:40What do they use it for now?
00:42As it stands, the site is a central delivery point for cement and gypsum.
00:47In a recent submission to a freight policy program, the state's Port Authority said that
00:52moving operations to Port Kembler or Newcastle would drive up the price of commodities and
00:58add hundreds of thousands of trucks onto already strained roads.
01:03Well look, cities change, they're not museums.
01:05The Government has been trying to rein in property prices in one of the most expensive
01:10cities in the world.
01:12From a pitch to transform a racecourse into a mini city, to increasing pressure on local
01:17councils.
01:19But just like those, this latest proposal could face fierce opposition.
01:23Having cement come from either the Illawarra or Newcastle is going to add additional costs
01:28to homes in Sydney.
01:30With no time frame announced for the review, the plan remains a pipe dream.
01:35A familiar reality for hopeful homeowners.