Originally Posted by
PhilipA
WOW! That is the best stretch I have seen, comparing penniless squatters in Bangladesh with people in Brisbane in one of the richest countries in the World who paid at least $100K or so even in 1975 ( my mothers house went for 149k very run down in 87), which is equivalent to about 600-800K today.
The point is - if people/councils/governments were a bit smarter then the prices would not be high in flood areas, particularly if councils put the equivalent of a NSW149 certificate on it, stating it was flood prone and this could happen in 2 years or 100years.
Ina ny cas ethe houses should never have been built ther e. ifyou look at the gallery I referred to in my last post, you will see most of the flooding in Norman creek is Heath Park and Churchie's sports grounds, and that's how it should be.
But in NSW all the coastal land holders are fighting this tooth and nail. In Byron bay The wealthy landowners in the spit are trying to outspend the council by bringing a $1Million suit and ditto on the Central Coast as it will affect their land values.
Regards Philip A