Apparently now is a good time to sell, at least according to the Qld Liberal government. They have decided to sell 6 of our schools in Qld. One of them happens to be the school in my suburb.
I moved to Salisbury partly because of the high school that one day my kids could have walked just 50m to get to. And partly because they have an awesome oval that the whole community uses and I often cross the road and go there to kick a ball around with family and friends. Now it's all just getting sold off to the highest bidder.
Nyanda high school has been around for 80 years, had just had 8 million spent on renovations, is at full capacity with over 300 kids, and is the only school within the area. In fact it's a 30 minute bus ride to the nearest school now, and probably a 60 minute bus ride to a school that's not full to capacity already and can actually take on the rejected kids from Nyanda high.
The government closed down Acacia Ridge high and merged it with Salisbury high (Nyanda), and now they've closed down Salisbury high too. So what's left in the area? Nothing.
And I just love that the education minister says it's not about money. Yet only 1 of 2 schools that was earmarked for closure and survived, survived by saying it will sell 3/4 of its land if it's allowed to stay open. No it's not about selling land and making a profit... but it just so happens that being able to sell it's land and make a profit while still able to operate was the only thing saving the school.
This just shows how short sighted the government is. The fact that they'll sacrifice the quality of education in our country, overcrowding surrounding schools and massively increasing the travel distance to an educational institution for our kids, in order to make a quick buck from some prime real-estate.
And yes I know we have debt and it's wonderful to pay down debt. But the fact is that they're going to need to get a really nice surplus for all the future unemployment benefits that they'll have to pay the next generation because they are too uneducated to actually get a job.
---Okay and now for the bit that actually relates to my property investment:
Now I'm left wondering what's going to happen to my suburb? What's going to happen to my house price now that a major piece of infrastructure has been removed? What's going to happen to house prices after they develop the land and chuck in a massive industrial estate where once was a really nice school? And are they likely to put in an industrial estate considering the school was on the border of the existing industrial estate, offering a nice buffer between the industrial area and the residential area?
I wish it were possible to take the government to court and sue them for the loss of an essential piece of infrastructure and the decrease in value of my property.
Anyway that's the end of my rant. It's not like getting angry over it is going to solve anything. Nothing to do now but to bend over and wait for it.
I moved to Salisbury partly because of the high school that one day my kids could have walked just 50m to get to. And partly because they have an awesome oval that the whole community uses and I often cross the road and go there to kick a ball around with family and friends. Now it's all just getting sold off to the highest bidder.
Nyanda high school has been around for 80 years, had just had 8 million spent on renovations, is at full capacity with over 300 kids, and is the only school within the area. In fact it's a 30 minute bus ride to the nearest school now, and probably a 60 minute bus ride to a school that's not full to capacity already and can actually take on the rejected kids from Nyanda high.
The government closed down Acacia Ridge high and merged it with Salisbury high (Nyanda), and now they've closed down Salisbury high too. So what's left in the area? Nothing.
And I just love that the education minister says it's not about money. Yet only 1 of 2 schools that was earmarked for closure and survived, survived by saying it will sell 3/4 of its land if it's allowed to stay open. No it's not about selling land and making a profit... but it just so happens that being able to sell it's land and make a profit while still able to operate was the only thing saving the school.
This just shows how short sighted the government is. The fact that they'll sacrifice the quality of education in our country, overcrowding surrounding schools and massively increasing the travel distance to an educational institution for our kids, in order to make a quick buck from some prime real-estate.
And yes I know we have debt and it's wonderful to pay down debt. But the fact is that they're going to need to get a really nice surplus for all the future unemployment benefits that they'll have to pay the next generation because they are too uneducated to actually get a job.
---Okay and now for the bit that actually relates to my property investment:
Now I'm left wondering what's going to happen to my suburb? What's going to happen to my house price now that a major piece of infrastructure has been removed? What's going to happen to house prices after they develop the land and chuck in a massive industrial estate where once was a really nice school? And are they likely to put in an industrial estate considering the school was on the border of the existing industrial estate, offering a nice buffer between the industrial area and the residential area?
I wish it were possible to take the government to court and sue them for the loss of an essential piece of infrastructure and the decrease in value of my property.
Anyway that's the end of my rant. It's not like getting angry over it is going to solve anything. Nothing to do now but to bend over and wait for it.