Here we have the homes of the some of the Hobartian elite [which must be pronounced AY-leet in order to convey the full effect that I'm aiming for].
As with many cities the world over, the former docklands of Hobart – once home to the worst sort of filth, disease and moral depravity that one expects among the lowest rungs of society – has now been transformed into la-de-da apartments, and once grimy and slummy terrace-housing have become “semi-detached town houses” fit for the sort of urban living now desirable to the privileged upper-classes.
For over half a century, the Hobart silos were used for storing grain destined for export. As the utility of Hobart as a working port declined, and the global competitiveness of Tasmanian grain dwindled, the future of the silos looked bleak.
Cue urban regeneration, and today they house thirty luxury residential apartments, and have become amongst the most lusted-after addresses in Hobart. The powerful and famous can be spotted each morning power-walking their way to the gym with boutique canines, then stop for a weak soy decaf cafe-latte while they moan about global poverty and the preservation of old growth forests.
Come the revolution though, I expect to see the silo apartments as Hobart’s very own Bastille!
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by the way ICICI Bank (BSE: ICICI) (formerly Industrial Credit and Investment Corporation of India) is India's largest private sector bank in market capitalization and second largest overall in terms of assets. ICICI Bank has total assets of about USD 100 Billion (end-Mar 2008), a network of over 1308 branches and offices, about 3950 ATMs, and 24 million customers (as of end July 2007).
I am here from Gerald's where your undertaker comment blew me away.
Jackie, you're right. The same is true in Melbourne as well. It's a shame that most of the real profit has been snared by either property developers or individuals with ready capital to take advantage of the rental market.