Showing posts with label housing. Show all posts
Showing posts with label housing. Show all posts

Friday 17 June 2011

Saffin invites Inquiry Into The Operation Of The Insurance Industry During Disaster Events to hear evidence on the NSW North Coast


Media release from the office of Janelle Saffin, Federal Labor MP for Page, on Thursday 16 June 2011:

PAGE MP Janelle Saffin has welcomed a new inquiry into how the insurance industry responds to natural disasters, including floods, storms and bushfires regularly experienced by Northern Rivers residents.

Ms Saffin has wasted no time in inviting the House of Representatives Standing Committee Chair, Graham Perrett MP, to hold public hearings in her electorate during the second half of this year.

“Our region is frequently affected by floods, storms and bushfires, sometimes several times a year, and there always is a mountain of paper work and phone calls for policy-holders to navigate,” she said.

“Some of my constituents have been less than satisfied with their insurance companies’ handling of claims or unacceptably long delays in having those claims assessed and finalised.

“This new inquiry will provide the insurance industry and consumers will an opportunity to make submissions on how the system can be streamlined or improved.”

The inquiry will examine the insurance industry in respect to extreme weather events, which due to Climate Change, are becoming more common.

It will consider:

· The information provided to consumers about claims processing arrangements.

· The timeliness of claims processing.

· The impact of third-party consultants on timeframes for claims processing, and

· External and internal dispute resolution processes.

Ms Saffin urged policy-holders who had made a disaster-related claim in the past five years to participate in the Committee’s on-line survey by visiting www.aph.gov.au/house/committee/spla/insurance/index.htm

Full terms of reference for the inquiry can also be found at this website. Individuals and organisations are invited to make submissions to the inquiry by Friday, July 15, 2011.

----------------------------

This Standing Committee on Social Policy and Legal Affairs inquiry is also conducting an online survey:

To gauge community concerns relating to this inquiry, the Committee is conducting an online survey. The survey is targeting members of the community who have made a disaster-related claim on their insurance policies in the last 5 years.

Tell us about your experience of dealing with insurance companies in relation to disaster-related claims here.

Friday 22 April 2011

So who is homeless in Oz? Will we ever find out?


As part of preparations for the August 2011 Census of Population and Housing, the Australian Bureau of Statistics is revisiting how it estimates the number of homeless people across the nation. It was fascinating to find that here in Oz we actually have a minimum community standard as to what constitutes a home of your own - a small rental flat with a bedroom, living room, kitchen, bathroom and an element of security of tenure.
Don’t have that or something very like and you don’t have a permanent home it seems.
Regardless of this definition, apparently our statisticians are running through a bit of a longstanding maze when it comes to calculating homelessness.
Undercounting and over counting are just as likely across different groups and it was no surprise to find that rural and regional areas were more of an accuracy challenge than cities and suburbs.
In 2006 there were 173,000 people in homeless services accommodation on census night and several thousand sleeping rough, but nobody really knows exactly how many don’t have a roof over their heads. Probably because rough sleepers often need to hide where they kip outdoors for the night to keep safe and indoor couch surfers don’t always like to admit how precarious is their situation.
Anyways ABS is trying to do something about the head count problem and is holding
consultation nights at these venues in April and May.
I wish them luck but I’m not holding my breath when it comes to a head count of the homeless in the Northern Rivers - so many places to hide if you don't want to be noticed.

Sunday 20 March 2011

Land values fall - finally the penny is dropping on the Clarence Coast?


The Daily Examiner 24 November 2009

For literally decades now – with information and risk scenarios firming along with the science as the years pass – the NSW Northern Rivers generally and the Clarence Coast specifically have been aware that these regions will probably be on the front line of climate change impacts. Heatwaves, increased fire risk, more drought periods per decade, more extreme rainfall/wind/flash flooding events are predicted.

With parts of Yamba Hill likely to end up in the ocean when specific weather and seas conditions batter the cliff face, rising sea levels also likely to cause strong storm surges which will inundate streets within the town as far up as Lake Kolora, higher groundwater tables or sea water in the aquifers and, river flooding predicted to be less frequent but more destructive

So it has been a quiet wonder over these last ten years to find that house and land values had been holding firm or rising.

Not anymore though, as it appears that prospective buyers may now be more cautious when scoping out coastal property and are probably not as willing to shoulder the higher end of the coming financial risk:

A DROP in land values of up to $600,000 for properties in Yamba's prestigious hill precinct will see ratepayers fork out hundreds, and in some cases thousands, of dollars less in annual rates.
Figures obtained by The Daily Examiner show drops of up to 30% over the six-year period from 2004 for land in streets including Ocean St, Pacific Pde and Clarence St.
Despite this, increasing values in other areas of the Valley will still see the council's rate revenue for the 2011/2012 financial year rise by a projected 15%.
One Pacific Pde block, valued at $2.34 million in 2004, plummeted $600,000 to $1.64 million in the 2010 valuation.
The owners of one property on Ocean St will have to fork out around $1200 less in rates per year after the value of their land dropped by $350,000 to $1.2 million.
And the reduction in land values isn't just confined to residential properties.
The value of land occupied by the Blue Dolphin resort dropped $3 million, which will see council get around $13,000 less in annual rates from the holiday park.
Without knowing the specifics impacting on Yamba land values, a representative for the Valuer-General's Department said local issues could effect the movements of valuations up or down.
“The valuations are based on sales analysis. If the sales are moving up or down this could be a factor,” the representative said.
The Valuer-General's Department will investigate factors influencing land values and The Daily Examiner will report on the results……

[The Daily Examiner, 19 March 2011]

Well, the warnings were there weren't they?

Climate change has potentially profound effects for the property and development industry. Stakeholders in the industry must begin to consider the various ways that climate change will impact upon property prices and valuation methodologies. [2010]

Tens of thousands of properties along the coast of New South Wales could be left uninsured to the threats of rising sea levels, Gabby Greyem reports.
Sea level rise could cost Australians $150 billion in uninsured real estate, according to Insurance Australia Group.
As a result of global warming sea levels are predicted to rise up to 40 cm by 2050 and 90 cm by 2100. 46,000 properties between Newcastle and Wollongong are less than three metres above sea level and are uninsured for coastal erosion or landslip.
Director of Lonergan Edwards & Associates, Tony Coleman, said most insurance policies cover the house and contents, but not the land value, and often the land is a significant part of a waterfront property’s overall value.
“Even half a metre within 50 years is a lot of extra sea to keep out if you’re trying to stop waves.
“A lot of people are going to lose their property and they won’t be insured,” he said.
Mr Coleman believes there is a growing realisation about the costs of sea level rise, but it is being overshadowed by the high focus on the Carbon Pollution Reduction Scheme.
[2009]

One general insurer has estimated that the value of coastal property in Australia at risk to rising sea levels and erosion is between $50 billion and $150 billion.
In a submission to a Federal Government inquiry, the insurer even suggests an insurance fund into which owners of low-lying land would pay a regular levy for compensation when sea levels cause their land to become permanently unusable.
[2008]

Climate change has the potential to impact heavily both society at large and the global economy. It is also increasingly being understood as a business risk.
Issues of energy and environment have, for some time, been of key interest and relevance to the actuarial profession on a number of fronts. In particular, the effect of climate change on insurance and the contribution of electricity markets to greenhouse gas emissions.
Such concern on the part of the actuarial community is hardly surprising, given that they are experts at understanding and assessing the financial impact of future uncertain events. There can be no set of complex problems more amenable to, and more in need of, application of the actuarial skill set than those generated by climate change.
Weather and climate are "core business" for the insurance industry. At its most basic, insurers underwrite weather-related catastrophes by calculating, pricing and spreading the risk and then meeting claims when they arise. A changing, less predictable climate has the potential to reduce the capacity of insurers to calculate, price and spread this weather-related risk. Policyholders, shareholders and the community at large all have a stake
.
[2007]

Implications for property values & insurance in risky areas [2006]

Friday 18 February 2011

So, what happened to Perle Pty Limited and why is it suddenly on the political radar?


Snapshot of Perle Pty Ltd website

Here is a corporation (apparently owned by one Norman Herfurth and Graham Keeping through their own individual companies) which has been in existence since 1997, was expecting an annual turnover in 2010 of approximately $35 million, had ongoing contracts to build social housing for the NSW Government and private schools for the Catholic Church and boasted this substantial client list on its own website:

AMP Capital, Australian Museum, Australia Post, BNP Paribas, Bovis Lend Lease, City of Sydney, CMC Markets, Collex / Veolia Water, Incorp Interior Designs, Jones Lang LaSalle, Macquarie University, Memo Corporation, Mintel International, Racing NSW, Railcorp, Reserve Hotels, Rice Daubney, Roads & Traffic Authority (RTA), Roberts Weaver Group, Savills, Sydney Ferries Corporation, Sydney Harbour Foreshore Authority, Sydney Opera House Trust, TransGrid, University of Technology, University of Western Sydney, Virgin Mobile and Visa International

So why did Perle Pty Limited operating as Perle Construction Management suddenly go into voluntary liquidation with a list of around 500 creditors (some on the NSW North Coast) and, why is Federal Nationals Luke Hartsuyker attempting to link the Federal Government’s Stimulus Package with the downfall of this company and subcontractors current financial problems when elsewhere creditors appear more stoic?

Perhaps the answer to the first part of this question lies in the fact that this company appears to be more experienced in refurbishing/refitting existing structures rather than building from-the-ground-up, may have been over-ambitious in applying for new construction contracts as well as having a penchant for luxury cars and allegedly pretending all was well in order to receive progress payments from the NSW Dept of Housing and, the second part is easily explained by the Federal Opposition’s desire to use everything and anything it can to beat the Gillard Government about the head and the willingness of local tradies to be used as political tools by the deeply cynical Member for Cowper.

If any one government is to blame for this debacle the finger should be firmly pointing towards the NSW Keneally Government which lurches from one mismanagement disaster to another and a state public service which has been out to lunch for years.

While the real losers in this matter are creditors both large and small, as well as those on the North Coast sometimes desperately waiting for affordable rental accommodation.

Wednesday 22 September 2010

K-K-Keneally is just too cute for words


In 2009 Wayne Swan said that the Rudd Government wouldn't tolerate the NSW Government clawing back a big hunk of the base-rate pension increase for single pensioners in increased rental payments for those in public or community housing.
The Rees Government temporarily placed a stay on implementing the rent increase until September 2010.
This month the Gillard Government has requested the Keneally Government not to claw back this same increase and again the NSW government has temporarily stayed its hand.
Presumably for only a short period after last Monday's indexed pension rise because the last state budget deliberately didn't quarantine that 2009 base-rate increase.
Premier K-K-Keneally is being just a little too cute if she thinks that wiping $18 dollars from the payment in hand received by public housing tenants on single pensions won't be noticed if it doesn't quite coincide with this month's $15 pension increase.
They'll notice Kristina and they're bound to remember on polling day in 2011.

This is the Member for Tweed in June this year in the NSW Parliament:
"But the New South Wales Labor Government is clawing back $7.50 per week from those people who can least afford it. Approximately 28 per cent of the Tweed electorate's population is aged over 65 years. In fact, for this age group the Tweed ranks second in the State, behind Port Macquarie. Aged pensioners have worked hard all their lives and have given a great deal to this great State, if not this great nation, of ours. Yet their pension increase is being clawed back. Some people may say that $7.50 is not a large amount, but it will buy several loaves of bread or other essentials. Many aged pensioners budget down to their last dollar every week. Last year electricity costs increased by 20 per cent and over the next two years they are expected to increase by another 40 per cent. Many pensioners have told me that their bills will increase by $300, $400 or $500 a year, yet all the Government says is that they can get the pensioner rebate to offset the increase. The pensioner rebate is $140, so they will not save anything. In fact, they will be worse off.
Aged pensioners in the Tweed have told me that they take cold showers every second day because they cannot afford to run the electric heater for their hot water systems, and time and again they turn off appliances. In other words, their lifestyle and comforts of living are being eroded. No longer can they afford the things for which they worked hard all their life.
I don't normally agree with much that Geoff Provest has to say, but in this case his words bear repeating.

A bit of background Fair dinkum, you're a bit of a political b*tch aren't you Kristina and Australian pensions increase effective 20 September 2009 and other changes

Saturday 28 August 2010

What NSW Northern Rivers social priorities are in 2010 for local community services


From Northern Rivers Social Priorities 2010 Report:

In early 2010 Northern Rivers Social Development Council (NRSDC) conducted a survey amongst the regions’ community service providers to gauge their views on social priorities. The results from the survey will be used to inform NRSDC in its advocacy role. It will also stand as a resource for other community services to gain an insight into the key social issues faced by the Northern Rivers community and community service system.

Since 2001, initially the Northern Rivers Interagency and now NRSDC have conducted research, consultations and surveys with service providers. The aim has been to identify common social priorities across the region, flag new issues as they arise and monitor the state of those priorities.

Responses from community services of the Northern Rivers to the 2010 Social Priorities survey has revealed that the region’s social priorities, as identified in 2002 and revisited in 2006 remain hot issues in the community.

Data from the survey may be considered in different ways. An indication of what responding services had the strongest feelings about can be found by looking at which issues had the most respondents rating them as 9 out of 9 ie the highest level of concern.

Ranking of the social priorities is as follows on a scale of 1 to 9:

  1. Youth 7.72
  2. Complex needs 7.64
  3. Transport 7.58
  4. Housing 7.08
  5. Ageing 6.92
  6. Community based management 6.52

Tuesday 9 March 2010

Rats in the rooves

There's a lot of not so quiet muttering on the North Coast as retirees discuss the possibility that the subsidised roof insulation installed in their homes over the last year is unsafe.
All the media exposure about shoddy work and greedy spivs has masked another emerging problem - that of other types of roofing work contracted for by local affordable housing providers.
Seems at least one provider is canvassing its tenants to find out if one particular company has left a trail of leaking or unsafe roofs in its wake after sub-contracting work to non-tilers.
Whatever happened to company ethics or pride in a bloke's workmanship?

Wednesday 3 February 2010

Is this the view from your Northern Beaches unit? Mapping predicted seal level rise (6)


Is this the view from your brand new Northern Beaches unit?

This is your immediate neighbourhood
with a 1 metre sea level rise

Is your considerable financial investment safe?

This posts displays a current photograph and Google Earth mapping showing the effects of a 1 metre sea level rise on a residential area of the New South Wales coast, which would see the beach eroded and sea water possibly reaching some of the residential back boundaries during storm surges.The 2009 Federal Government report Climate Change Risks to Australia's Coasts contains a 'worst case' scenario involving a 1.1 metre sea level rise along the NSW coast sometime within the next 90 years.

Apology - due to a clumsy cut and past the wrong information initially appeared below the images. It has now been corrected.

Monday 11 January 2010

Sh*t happens....


We finally decided to upgrade the old pit toilet on the farm.

It was a hard decision since it was agreed that a septic system would use too much flushed water and the potential to cause problems with the ecological balance of a swamp near the house was too great.

Not that toilet water would have been a problem in this year of five local floods, but dry years do occur.

We finally decided that a composting system would be the best in our situation.

It was then we had a great stroke of luck, the son-in-law was at an auction and there, large as life, was a brand new unused state of the art composting toilet.

The fact that he was over 1,000 kilometres away from the farm did not cause him to hesitate - at the fall of the gravel he was the proud owner of a massive virgin crapper at a bargain basement price.

So this Christmas he loads the dunny on the back of a trailer behind the family car and heads north to the farm, turning heads all the way up the Pacific Highway.

On the family's arrival at the farm we wander around the house yard, beers in hand, working out where the new toilet should be sited.

It had to be conveniently placed near the house, yet have a good view and not interfere with other aspects of the house yard design. A few beers later we agreed on the best site for the new toilet.

It was time to get the ditch dingo working, since the base section has to be buried over one metre into the soil.

About 800cm into the dig we struck solid clay - the heavy solid sticky type. It was useless to continue digging as this type of clay will expand quickly when wet. So the decision was made to build up the soil around the compost unit instead.

The new toilet now nick-named The FARTUS (apologies to Dr Who) was in place and waiting for the actual building of the toilet hut section. One of the cousins who had been in the Navy said he thought that the new installation looked like a submarine conning tower.

That night it rained and stormed, then it rained again.

The misty morning light revealed the sight of the composting toilet bobbing incontinently in a muddy sea. We now had a Collins-type sub.

So later that day we downed a few more beers (I had switched to rum and coke by this stage) and decided that this was a sign from Huey. The whole toilet situation had to be re-thought.


Graphic from My Little Family's Genealogy

Monday 30 November 2009

Is this your house? Mapping predicted sea level rise (2)


Before and after a 1 metre sea level rise affecting one of the coastal rural areas within Clarence Valley local government area. Latest official 'worst case' predictions are for a 1.1 metre sea level rise in NSW coastal zones, occurring from
2009 onwards and peaking anytime up to 2100.
Click on images to enlarge.

Google Earth now has a sidebar function which allows the plotting of predicted sea levels rises due to climate change.This is a chance to get a visual appreciation of just how your home may be affected in light of the Rudd Government's recent report Climate Change Risks to Australia's Coasts.

Monday 12 October 2009

Today is the start of Anti-Poverty Week 2009 in Australia and still Rudd, Swan & Macklin haven't acted against September pension increase grab by the states


This week across Australia people and organisations are observing Anti-Poverty Week 2009 which has as its main aims:
  • Strengthen public understanding of the causes and consequences of poverty and hardship around the world and in Australia;
  • Encourage research, discussion and action to address these problems, including action by individuals, communities, organisations and governments.
Over 100,000 Australian single pensioners (National Seniors statement to Courier Mail) will begin this week still worried that the Rudd Government has yet to make any concrete move to protect their recent $30 per week pension increase from the greedy grasp of state governments and community housing companies.

According to 2007 FAHCSIA data the majority of the 714,156 Disability Support Pension (DSP) recipients across Australia are single and don't own a home, so one would expect that these pensioners are significantly represented among single pensions who will lose 25% of the 2009 pension increase in late 2010.

DSP recipients are most heavily clustered in New South Wales which makes the Rees Government pension grab all the more distasteful - a fact these pensioners will possibly remember at the next election.

Etching from CAP Art Blog

Tuesday 6 October 2009

Oi, Swanee! You've huffed and you've puffed - when are you going to blow the states' pension grab out of the water?


Just a small reminder to Australian Federal Treasurer Wayne Swan that it's 8 days since he promised to stop state governments from taking a bite out of the one-off pension boost which came into effect in late September.
Since then there's been barely a peep on the subject from the Rudd Government.
Waddaya doin' mate? Don't drag the chain!

Sunday 27 September 2009

Casino and Grafton winners in house price growth according to ANZ September 2009 rural & regional quarterly report


Snapshot from ANZ Rural and Regional Quarterly 23 September 2009

According to the ANZ Rural and Regional Quarterly 23 September 2009 non-residential and residential building approvals are weak across the NSW North Coast and are falling back towards 2001 levels. Existing dwelling slae prices have also fallen in Coffs Harbour and Byron Bay.

However, the median house price in Casino and Grafton has risen by 5-6% in the last twelve months. In part due to the fact there appears to be more housing stock on the market under $350,000 potentially attracting buyers eligible for the First Home Buyers Grant.

Saturday 19 September 2009

Australia - what's wrong with this picture?



Australia has an estimated land area of 7,686,650 square kilometres.
It has a growing population which currently stands at about 21.9 million people.
The majority of Australians live within 100 kilometres of the coastline and, in that narrow strip more people live in major cities and surrounding suburbs than live in smaller towns and villages.
Only around ten per cent of Australia's land mass is arable land suitable for crops or grazing and most of that is in the same coastal fringe. The majority of this arable land is in private hands.

By 2049 it has been estimated that Australia's population will reach 35 million people.
This means that in fifty years time there will be one person for every 0.21 square kilometres of the Australian continent, but most of these people will probably want to live within a total area of less than 1 million square kilometres.
Coincidentally by 2050 the predicted negative impacts of climate change (including prolonged water scarcity and coastal sea water inundation) should be pronounced in this country.

The maths are not looking good and all levels of government are only paying lip service to sustainable planning.

What are you doing to stop your local council and state government from allowing the coast to be developed to death?

Monday 31 August 2009

How many people won the James Hardie environmental health trifecta?


In the 1950s I grew up in the outer suburbs of Sydney in a house where the outside eaves, internal kitchen walls, all of the laundry additions and garage cum playroom were made of asbestos-based building material.

Later on I purchased a family home which had ceiling insulation made from asbestos and hessian carpet underlay which I learned last week may also been contaminated by this dangerous James Hardie product.

Thankfully I did not work directly with asbestos, but I'm not sure that the acoustic ceiling tiles above my head in the first office job I had did not contain this substance.

I feel as though my family has - without our consent - been made to run in a very dodgy three horse race so that a big international company could grow rich.

Hanging is too good for James Hardie directors - past and present - who knew and said nothing.

Mark
Tweed Heads

Sunday 19 July 2009

Homeless fact sheet for the Richmond-Tweed area on the NSW North Coast


Living as we do on the NSW North Coast in a physically beautiful coastal environment with a constantly shifting sea of tourists in our midst, it is often easy to overlook some of the less palatable facts of life such as the level of homelessness some areas experience and the impact that has on the individuals and families involved.


Excerpt from Mid-July 2009 Northern Rivers Social Developmental Council newsletter:


The Richmond-Tweed Region has a total of 1765 people [1638 non Indigenous and 127 Indigenous] experiencing homelessness.


Much homelessness in the region is hidden, as 50% of the recorded homeless population in the Richmond-Tweed Region are living temporarily with friends and relatives.

10% are living in specialist homelessness services.


29% of the homeless population in the Richmond-Tweed Region of NSW are living in improvised dwellings and on the streets.


Within the Richmond-Tweed Region, Tweed Heads has a rate of 66 per 10,000 non Indigenous people and 81 per 10,000 Indigenous people facing homelessness every night.

Lismore has 64 per 10,000 non Indigenous people and 401 per 10,000 Indigenous people facing homelessness every night.

An additional 85 per 10,000 non Indigenous people and 135 per 10,000 Indigenous people within the remaining Richmond-Tweed statistical division are facing homelessness every night.


In NSW as a whole, 27,374 people are homeless tonight.

Of these 6% are living in the Richmond-Tweed Region of NSW.

The Richmond-Tweed has l3% of the State's population.

Friday 8 May 2009

Even in paradise housing is a problem


Whenever visitors to the NSW North Coast talk about their holidays here they speak of how lucky we are to live in all this scenic diversity and of course we are.

However, the beautiful settings often hide from view realities that we share with other parts of New South Wales.

Although homelessness is relatively low compared to the metropolitan centres, by December 2008 rents were between $195-$285 per week for a 2 bedroom flat and between $300-$370 for a 3 bedroom house, with Richmond-Tweed separate house rents being the highest in the state outside of Sydney and Northern Rivers vacancy rates being comparable with Sydney.

Housing stress continues to be an issue according to the Northern Rivers Social Development Council, with around 40,000 people in the Page and Richmond electorates having disposable household incomes below the NSW median point.










Northern Rivers Social Development Council Dec 08 regional housing data
Click on graph to enlarge

Housing affordability is a big issue for many North Coast pensioners and the rising number of unemployed.
One has to hope that in Tuesday's federal budget, the Treasurer has taken note of concerns that any increase in the pension base rate may be eaten up by immediate rent increases.

Friday 16 January 2009

The NSW Office of the Premier corresponds with a cat?

When North Coast Voices was set up a side blog was established for Clarencegirl's cat and, in a fit of absurdity, he was given a hotmail account.

Since then Boy the Wonder Cat has received almost every psihing email known to man or beast, become the recipient of begging letters from then presidential candidate Barack Obama, and now it appears he is on a 'reply to' list for an email he swears he never sent to the NSW Premier.


EA1382161 - new community housing rent policy‏
From:thepremier (www.nsw.gov.au@mail.cabinet.nsw.gov.au)
Sent:Friday, 9 January 2009 2:00:19 PM
To: catlives9@hotmail.com
EA1382161 - CMU

To whom it may concern

The Premier has received your recent email concerning the new community housing rent policy.

As the matter you have raised primarily concerns the administration of the Minister for Housing, and Minister for Western Sydney, the Hon D L Borger, MP, the Premier has arranged to bring your approach to the Minister's attention.

You may be sure that your comments will receive close consideration.

Yours sincerely



Vanessa Karkousi
Office of the Premier

Now I'll apologise in advance in case a third party has used Boy's email address, but it does rather look as though someone at the Premier's office has seen a North Coast Voices post on the subject and is responding to that.

Mr. Rees, there is a comments button below those posts on the topic of your new community housing rental policy.
Might I suggest that you use it?

Wednesday 14 January 2009

Caveat emptor lives!


Which iconic unit in Yamba is being advertised for sale at $1.45 million, even though it is in an area with an estimated statistical 1 in 1,000 chance of sliding towards the ocean in adverse weather conditions?
I'm sure the owners would have experienced at least one subsidence alert during the last three years, so it is passing strange that this unit is thought to be worth so much.
Would you pay over a million for the slide of a lifetime?

Saturday 3 January 2009

Further delays for the Big Billabong


Tourists waiting to flock to the Clarence Valley's newest tourist attraction have been told to be patient.

The word around the traps was that Angourie's Big Billabong, which was estimated to be costing its proprietor about $10million to construct, would open for day trippers' viewing early in 2009.

However, the latest goss is that the owner Gordon Merchant won't be moving into his Angourie premises anytime soon. Furthermore, the cost of the project is now said to be close to the $16million mark.

The Gold Coast Bulletin reports that plans for the massive beach shack were lodged with the Clarence Valley Council in 2002 and when The Bulletin first visited the building site in October, 2007, it had already been under construction for three years.

At that time a builder on the site said the house would be finished in three to six months.

Well, those deadlines have come and gone and as our latest pictures show, there is still plenty of work to be done.

A member of the nearby Yamba Rugby Club, who wished to remain anonymous, said there were rumours the cost had blown out from $10 million or $12 million to $16 million.

"It's taken a long time generally because if he (Mr Merchant) is not happy with something he just gets it changed as it goes along," he said.

"It's taken a while, so everyone is looking forward to being invited to the opening party."

Mr Merchant can afford to be picky.

The man who founded the international clothing and accessories company Billabong on the Gold Coast in 1973 is worth an estimated $805 million.

He has long been a fan of Angourie, 5km south of Yamba in northern NSW, which boasts some of the best waves in Australia.

Another Angourie local said Mr Merchant was often seen about town.

"I was surfing the other day prior to Christmas and he was in this perfect Billabong wetsuit," he said.

"Their family is often seen around town. The house is taking a long time because he includes nothing but the best.

"The local tradies aren't complaining."

The mansion has totem poles sitting in gardens, five garages and a pool that spills over as a fountain between the garage doors.

It is built on four house-blocks and will be one of the biggest homes in Australia.

The mansion has a copper roof, which already has a tinge of green due to exposure to the elements, and is built from sandstone.

Besides the mansion at Angourie, Mr Merchant is believed to be investing heavily in and around Yamba.

His helicopter is often heard flying the divorced father of four into the town.

Mr Merchant recently won approval to build a helipad at the house to transport his young son interstate for medical treatment.

He also offered to make the helipad available to the Yamba community for emergency services. It has landing lights that can be activated by telephone.

That sort of community spirit has helped to win over Angourie locals.

"There are those with a little envy, but despite his obvious wealth and helicopter there is no real showiness about him," said a resident.