Friday, February 17, 2023

Meriton billionaire's brutal message for anyone trying to stop his 'scandalous' high-rise apartments in a beachside village: 'They can go to hell'


  1. “Buy land, they’re not making it anymore.”
  2.  -Mark Twain

“Land monopoly is not only monopoly, but it is by far the greatest of monopolies; it is a perpetual monopoly, and it is the mother of all other forms of monopoly.” 
-Winston Churchill

Feldman, Triguboff saga continues

FOUR weeks after Rabbi Yosef Feldman appeared to compare Yeshiva major donor Harry Triguboff to the Nazis, his father, Rabbi Pinchus Feldman has finally distanced himself from the comments.

Feldman, Triguboff saga continues
In happier times at Yeshiva . . . Harry Triguboff (centre front) flanked by Rabbi Dovid Slavin on his right, Rabbi Pinchus Feldman on his left, and Rabbi Yaakov Lieder at the back.

Meriton billionaire's brutal message for anyone trying to stop his 'scandalous' high-rise apartments in a beachside village: 'They can go to hell'

  • Meriton wants to build minimum 1,000 units in Little Bay
  • Controversial proposal previously rejected twice
  • CEO says government can 'go to hell' if not approved

A billionaire property developer has fired off an ominous warning as his company makes a third attempt to redevelop a beachside suburb with high-density apartments.

Meriton has launched a fresh bid to build a massive development in Little Bay in south-east Sydney; a rezoning proposal which previously consisted of 1,900 units up to 22 storeys that has already been rejected twice.

The property giant has used a recently launched NSW government housing scheme to bypass the local council and independent planning panels.

The Department of Planning recently notified Randwick Council that plans had been lodged but did not include further details about the proposal or applicant.

Meriton was founded 60 years ago by Harry Triguboff, who believes the controversial Little Bay development addresses the critical housing shortage in Sydney.

Meriton has lodged a third attempt to build at least 1,000 new homes in Little Bay. Pictured is a previous artist impression of the proposal for up to 1,900 apartments

The billionaire issued a blunt warning that housing supply will keep getting worse - forcing prices ever higher - until developers were given the green light to build more homes.

'If the government needs housing so much then they should approve it,' Mr Triguboff told the Sydney Morning Herald.

'I don't apologise, they can go to hell. They want production, they have to make sure I don't go broke.'

Meriton currently builds an estimated 2,000 apartments in Sydney every year.

Meriton lodged its new plans under the state government's recently launched Rezoning Pathways Program, which aims to unlock land for 70,000 new homes in 'fast growing' areas by next year.

NSW Premier Dominic Perrottet said the government would initiate 10 land rezonings with most earmarked in western Sydney, far from Little Bay in the city's south-east.

Property giant Harry Triguboff said the NSW government 'can go to hell' if Meriton's Little Bay redevelopment proposal isn't approved

Developers that applied to be part of the pilot program must include a minimum 1,000 new proposed dwellings in metropolitan areas.

Meriton is yet to reveal how many units its amended proposal for Little Bay involves. 

'We have lodged proposals at Little Bay and Carlingford which meet the requirements of the program which is important to get more housing that we need,' a spokesperson told Daily Mail Australia.