Banker Enclave Rises as Poor Kicked Out of Harborside Homes
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For sale: 287 homes needing million-dollar makeovers, most in spitting distance of Sydney harbor and its iconic Opera House. Wanted: Somewhere to shift a low-income, angry community.
A shabby three-bedroom house offering a view of Sydney Harbour Bridge from a small upstairs window earned the New South Wales state government A$2.3 million ($2 million) in September, after lying vacant for almost two years. It was the fifth auction in a mass sell-off of public housing that’s displacing central Sydney’s oldest working class neighborhood.