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The Impacts Of State-Led Gentrification

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State-led gentrification refers to the process where policies and initatives driven by the government facilitate gentrification, which of is seen as a widespread contovisal topic within the modern sustain society. This generayes the process of urban development, where lower income neighbourhoods undergo considerable change to create more of a appeal towards those of a middle and high income society. This process implemented by the government as a urban ‘renewal’ transformation causes an inflow of wealthier new residents to move in at the cost of evictioning existing residents in the area demonstrating the impacts surrounding the use of state-led gentrification. This essay will critically assess and evulate the impacts of state-led gentrification …show more content…

Gentrification is used by the government as a porssess which ensures that areas of social and economic underprivileged residents experience significant transformation through initiatives such as investments, developments and demographic change. These changes are notably beneficial for certain individuals compared to others, but specifically favourable towards the government and those of higher income families. Due to state-led gentrification these certain individuals of the area and the government receive benefits in several ways including an increase on the price of property and tax revenue, improved economic opportunities and overall neighbourhood improvements. Since the renewal to make these areas of low income residents more appealing to those of a higher income, property values and tax prices collected by the government have significantly increased. This is evidently seen through the rent and property increase within suburbs of Sydney where these economic pressures from the government have been put in placed due to the rise in affluent buyers in ceratin neighbourhoods. Rent has been raised from $195 to at least $400 to as high as $600 a week within a period of 30 days notice (Atkinson et al; 2011). As this strategy benefits the government, it also benefits new and existing residents as it ables

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