State Member for Newcastle, Tim Crakanthorp says the Berejiklian Government has sold off almost $200 million worth of Newcastle property over the past seven years.
According to information uncovered through Budget Estimates, 155 properties have netted the Government $186,633,071 from the Newcastle electorate since the Liberal-Nationals came to power, with the listings being a mix of social housing, retail spaces, government offices and Port land.
Mr Crakanthorp says the social housing list in Newcastle is at an all-time high, with an estimated ten year waiting period.
"This Government has its priorities all wrong. They are selling off priceless social and public housing properties and not investing in the replacement of those lost. They are selling off Newcastle assets and taking the proceeds to fund major infrastructure projects in Sydney," he said.
The Government is in surplus, and Mr Crakanthorp says the construction of much needed social housing would be appropriate.
"I spoke on this issue just two years ago when they sold off public housing on Light Street just down the road from the picturesque Bar Beach. While I was appalled then, it seems that that sale was just a drop in the ocean," he said.
