--
an extract from The Whitlam Government, 1972-1975, E.G. Whitlam,
Penguin Books Australia, 1985
"Few
places in Australia are richer in history than the inner-Sydney suburb
of Glebe. The area was first surveyed in 1790, two and a half years after
Governor Phillip established the penal colony at Sydney town. The name
was acquired when approximately 200 hectares of land were granted to the
Church of England. The Church subdivided and sold much of the estate in
1824. It kept 19 hectares for its own use, comprising Bishopthorpe as
a residence for the Bishop of Australia and St. Phillip estate running
down to the harbour.

Derwent Street in the Glebe Estate
"Sydney's aristocracy built large homes in the
district. Leading architects, Edward Hallen (Hereford House 1929) and
John Verge (Toxteth Park 1831, Lyndhurst 1834 and Forest Lodge 1836) were
commissioned to design elegant houses. From the 1840s, however, the area
progressively adopted a more working class nature. Bishopthorpe was subdivided
in 1856 and substantial brick homes were built on land leased for 99 years.
Tradesmen and labourers inhabited the St. Phillip estate within range
of the slaughterhouses on Blackwattle Bay.
"Glebe was fully built up by World War I and began
to decline after it. With Chippendale, Redfern and Waterloo it began to
show signs of urban blight. Commercial interests began to leave the area,
faced with competition from new businesses along Broadway. Social problems
associated with the Great Depression reduced Glebe to one of Sydney's
less savoury districts. Despite this decline, the area retained a close
and distinctive community.
"After World War II it became increasingly obvious
that, however effective in building mansions in heaven, the Church of
England could not cope with its houses in Glebe. Low rent return meant
that the Church could not allocate enough money for repair work. As a
result, in 1973 the Anglican Archbishop of Sydney urged the Federal or
State Governments to buy the Glebe estate for a planned experiment in
low-income housing. My Government readily accepted this offer, regarding
it as an excellent opportunity for Federal involvement in urban rehabilitation
schemes. In May the Bishopthrope and St. Phillip estates, occupied by
more than 700 dwellings, were purchased at a cost of $17.5 million. Uren
[Tom Uren, MP and Minister for Urban and Regional Development] introduced
the enabling legislation, the Glebe Lands (Appropriation) Bill on 11 July
1974.
"A Glebe Project Board, including 10 representatives
elected by local residents, was established. The Board determined that
the restoration of dwellings would occur in three stages - reroofing followed
by repairing exterior appearance and, finally refitting interiors. A great
deal of work was carried out and, if it were not for the Fraser Government's
cutting funds and then in 1981 abandoning the project, all houses would
now have been renovated. In December 1984 the Hawke Government sold the
estate to the NSW Government which was determined to complete the restoration
work commenced under my Government.
"The quality of the completed renovations prompted
the Royal Australian Planning Institute Journal to comment in November
1979 that 'The Glebe project has become a classic example of successful
rehabilitation. It stands as a refreshing and humane contrast to the insane
excesses of the commercial redevelopment of the central business district
and as a remarkable symbol of official concern for community values rather
than developers' balance sheets.' Improved housing facilities in turn
fostered the regeneration of commercial activity.
During the late 1970s
Glebe Point Road became a thriving mixture of new restaurants and antique
shops and traditional corner grocery stores and second-hand merchandise
dealers.
"The project was also a tremendous financial success.
A financial analysis in 1978 showed that the Glebe estate was capable
of earning a real rate of return of about four percent on the funds invested,
given market-level rents and optimum rehabilitation. While a renovated
home at Glebe in 1978 cost $39,000 a comparable dwelling in new Housing
Commission low-rise housing at Waterloo cost $44,500."