2026-08-09 02:31 UTC
Victoria spent $13.48bn on five underground Metro Tunnel stations. Then let the precincts above them be captured by private developers, who take the long-term revenue while the public carries the infrastructure debt.
We will mandate public housing and public income retention on all major station precincts. VicTrack sells development rights for a one-off payment. We change that: the Victorian Wealth & Housing Fund (VWHF) builds at cost on state-owned land, retains the asset, and collects the rent indefinitely. No more sell-offs. No more missed revenue.
Hong Kong's MTR gets 40% of revenue from property. Singapore's HDB houses 80% of residents. Victoria gets surface car parks and one-off payments.
We built the stations. We should own what's above them.
#auspol #vicpol
https://go.fusionparty.org.au/9PWrR
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