Jenman - Find an Agent you can Trust logo
phone icon 1800 1800 18

Reading Time:

1 minutes

Published:

15 April 2004

The Underground Cost Property

Billions of dollars needed.

Very prophetic article about the coming property revolution. But most Australians don’t think that far ahead.

Neil, you omitted the really big question.

The water and sewerage infrastructure in Australia is depreciating from corrosion and capacity limitations. It will cost many billions of dollars to replace over the next twenty or so years. The longer this issue is ignored the worse it becomes.

Who is going to pay for this. It will be the rate payers …. the property owners.

I used to work at the “low tax/rates” Gold Coast City Council. They have very real problems which will have to be confronted one day, as politically unacceptable as that will be for all Shire and City Councils.

The revolution is just beginning, its called “User Pays”.

In accounting it is recognised as Accrual Accounting, not the Never Never.

***************
This comment refers to the article, THE COMING PROPERTY REVOLUTION

If you wish to send a question or comment to Neil Jenman you are most welcome. Neil tries to read every e-mail and respond personally. We have posted some of the common questions together with those we feel may help you. Thank you for your interest.
Share this:

Comments

Comments

Leave a comment

Your email address will not be published.
Required fields are marked *

Subscribe to Neil's Consumer Alerts

Enter your email and each month we'll send you information and tips on the real estate industry and advice on how to avoid the tricks and traps when buying and selling homes.