00:00Sydney's eastern suburbs, home to some of Australia's most exclusive and expensive properties.
00:08Around the future Wallara station, the median unit price is one and a half million dollars,
00:14out of reach for most first home buyers.
00:16But the housing minister thinks building 10,000 new homes in the area could change that.
00:21There might be some price correction.
00:23You know, there might be some opportunity for young professionals, young couples,
00:26to get that two bedroom place in a place like Wallara close to the city.
00:30And, you know, I think that's a great thing.
00:32The opposition says the government's giving young people false hope.
00:35I won't dignify it with the descriptor plan, because it's not a plan.
00:39It's a 10,000 figure grabbed from nowhere.
00:42There are major barriers for developers, like the high price of land in the eastern suburbs
00:47and difficulties enticing existing owners to sell up.
00:51In the case of apartments, you've got to get 75% plus to agree to the sale.
00:55That all takes time.
00:56But the industry says the government's promise to allow buildings of up to 21 storeys
01:01near these stations makes that risk worth the reward.
01:04That will become feasible for a lot of those locations.
01:0721 storeys is a substantial uplift.
01:10The government's plan puts the Liberals in an uncomfortable position.
01:14They're trying to shake off any suggestion of nimbyism,
01:17while still voicing voters' concerns about overcrowding.
01:20There is no public school in Edgecliff.
01:23The public school in Wallara has a tiny playground and is full.
01:27The government says across the seven nearby primary schools,
01:30there's room for 930 new students,
01:33and it says the two closest high schools can accommodate 763 new arrivals.
01:39If we put more housing in, then over time you'll build even more infrastructure.
01:43A decision for another day, and perhaps another government.
01:50What may be the first place of building —
01:54the blog, the land, the land.
01:56How many can the work of building systems that will turn off?
01:58That way can we take?
02:00Even soon.
02:01But in actual detail that we find the bank —
02:04and our startup —
02:05that they've managed to move a path,
02:07and then over time it adesso.
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