Developers in Sydney are approaching residents living in century-old homes to buy their properties for redevelopment under the Minns government's housing reforms. One resident in Glebe, Evan Jones, received a letter from developer Wilroad offering to purchase his home above market value. Despite the offer, Jones and his neighbors, who live in a heritage conservation area, have no intention of selling their homes.
Sydney residents living in century-old homes have been approached by developers seeking to buy their properties to redevelop under the Minns government’s housing reforms . Evan Jones is one of several residents in Glebe who received a letter from developer Wilroad seeking to purchase his home above market value . Evan Jones was one of several Glebe residents who received a letter from a property developer seeking to purchase his property above market value .
“The government is incentivising developers to deliver new housing close to transport and town centres,” the letter said. “We believe that your property value will benefit from these changes.” The letter from Wilroad director Benjamin Knowles said the company was “highly regarded for our expertise in all facets of the development lifecycle”. Jones and his neighbours live in homes built in the 19th-century in a part of Glebe that is a heritage conservation area. He said he was not tempted to take up Wilroad’s offer to buy the home he has lived in for almost 40 years.“They’ll be carrying us out of here in a box,” he sai
Sydney Residents Century-Old Homes Developers Buy Properties Redevelopment Minns Government Housing Reforms Glebe Letter Wilroad Market Value Heritage Conservation Area
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