These tenants wont be moving out anytime soon Inside the multi-million dollar harbour front housing commission homes | Daily Mail Online Meet Australia's 'luckiest' public housing tenants. They pay from $80 per week to live in Sydney's most exclusive suburbs - and have lifetime leases so they can stay in their waterfront units 'until they die'. From complete harbour-front positions in Balmain and Manly to glimpses of the world-famous Bondi Beach from bed – each apartment has its own million-dollar view. But not everyone is happy about it. Phillip Smyth, 72, lives in the waterfront public housing block in Balmain - which is owned by the NSW Housing Department and looked after by not-for-profit Bridge Housing
I was talking with a guy who owns a whole building in Kirribilli. Absolute waterfront. He said 50 odd years ago nobody wanted to leave there. The harbour stank, was dirty and only the poor would leave there. Maybe that’s when these buildings were built. Times change. It’s facinating to see how much changed in such a short time. He also said he bought the whole building (6 or 8 units. Can’t remember) for equivalent of 1.5 years Pay. That’s the poor bugger.
There are areas in Canberra (not with water views) with public housing blocks in good locations. When the public housing has been removed, the value of the surrounding area shot up in value.
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