Newspaper article The Northern Star (Lismore, Australia)

Shortage of Land Causes People Drain; Fears Lismore Will Stagnate If Residential Growth Continues to Plummet

Newspaper article The Northern Star (Lismore, Australia)

Shortage of Land Causes People Drain; Fears Lismore Will Stagnate If Residential Growth Continues to Plummet

Article excerpt

Byline: Saffron Howden saffron.howden@northernstar.com.au

LISMORE will stagnate and shops will empty unless something is done to stimulate residential growth, local businesses say.

City businesses have organised a public meeting with Lismore councillors, developers and industry stakeholders tonight to discuss the city's urban development strategy.

Real estate agents say Lismore has plummeted from the 1990s growth era and immediate action is needed to boost the 0.1 per cent average growth the local government area had experienced over the past five years.

"The facts speak for themselves," Lismore LJ Hooker principal Paul Deegan said.

"We're reliving the mistakes of the past, and the mistakes of the past have been that council has been far too unwilling to look at residential development with a view to growth of population."

Mr Deegan said that in 1996, more than 300 blocks of land were sold in Lismore and suburbs, when 1000 blocks were on the market. …

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