Friday, 11 March 2016
Sydney and Homes
If you aren't Aussie, you probably don't know the history or the various little details.
Few Americans realize that while a fair number of people from the 1620 period to the early 1700s were all volunteers.....there reached a point in Britain where there were too many people sitting in prisons. The solution? Dump them in a very unpleasant place....far from England. So for a number of years.....they sent prisoners and convicts to the US, until the Revolutionary War ended that solution. Australia became solution number two.
What Captain Phillip knew of the area probably amounted to a forty-page book and details from an expedition by a Lt Cook in 1770. If they had done further analysis....it might have led people to rethink the bay. But from the other prospective.....it was probably bay area that any ship's captain would beg for and appreciate.
The soil there next to the bay? It would take a year or two for the folks to realize that it was unsuitable for growing just about anything.
Fresh water? Almost non-existent.
Snakes? It was a major task to do the work assigned and avoid snakes.
Over three decades.....buildings were erected. A trading port was established. Better agricultural properties were found. Fresh water was sourced out. They built homes and buildings out of brick and stone.....showing a permanent side to the future.
By 1850, Sydney had grown into a fairly decent port city of roughly 30,000 people. Oddly enough....in 1851, gold was discovered. For three decades, this gold 'fever' went crazy. By 1871....over a two-decade period, they had shifted gears and gone to 200,000 people. Today, it totals near 4.8 million and growth still continues on a steady path. Some locals think it'll hit the 6 million point by 2040.
Issues of the day? Mass transit hasn't really solved the issues of people desiring to live on the outer reaches of the town. The motorways or interstate system would be described by those who use it.....as marginal, and likely never to get much better. Home prices within the heart of the city are ridiculous.
Someone ought to sit and write 200-page book over this episode.
It was a home which belonged to Natalie Jean Wood. Small place...75 square meter (probably near a 1000 sq ft). Nothing special. No parking spot. Extremely out of date and most folks would identify it as being one step away from a slum.
Natalie's story? In 2011, cops got called out to the house. A sister-in-law had some reason to contact her and to be honest....they didn't talk much between themselves. Cops broke down the down eventually, where they found Natalie laying there.....dead for eight years. Yeah...no one had said much and she kinda kept to herself.
This was a woman who had a brief marriage after the war, which ended in divorce after five years. She went back home to live with the parents for a short period before she bought this house. From 1979 to 1997....she kept the house but lived mostly with her mother. After the mother passed on....she went back to Kippa Street. She was.....for all practical purposes.....a loner. She didn't have a real life beyond the house itself. All the cops can figure is that she fell at some point, couldn't get up, and eventually died there in the house. Months and years would pass.
Since 2011, this property has gone through the court system, and finally ended up for a real estate company to auction off.
Now, you'd look at the outside pictures and be turned off. The interior pictures were pretty bad, and you'd consider the bathroom to be absolutely non-functional. Nothing about this place works....except it is brick, in fine shape, and in a highly desired neighborhood. It is three minutes walking to the central train station, with two city parks about five minutes away. The pub district? Maybe two minutes away at best. The stadium is a 15 minute walk, and the heart of downtown Sydney is maybe a three-minute tram or subway ride away.
The auction folks were kinda surprised. at fifteen minutes prior to the episode....there were twenty-eight people in the room and prepared to bid. Over the last fifteen minutes prior to the auction....it doubled in nature. Almost sixty people in an active for a crappy small house, which needed massive renovation.
The final bid to win? $1.1 million Aussie dollars. That's 823,000 American dollars.
If you figure the money required for the renovation....at least 150,000 American dollars. Then the dump is valued at a million easily.
Most everyone involved in the estate or the sale....were shocked. But it is an indication of where Sydney is going and the scale of cost involved in home ownership.
What happens in twenty years? That's a curious thing. Unless some massive public transportation project takes off and shifts people out to thirty miles (say the southwest of town), you won't be able to find any home in the city for less than $1.5 million American dollars.
It begs questions, and radical solutions. Luckily, the Aussies have the same type political figures as you find in the US. So don't go and expect much.