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@taniwharugby materials and labour price increases due to high demand cutting margins on fixed priced contracts is a big part of it. Fletchers just took a $110 million hit and speculation is that a decent chunk of it is the Sky city convention centre.
Having said that this guy sounds like one of those people that shut down one day and open up under another the next and are a blight on the industry.
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@taniwharugby said in Housing hornets' nest:
@jegga obviously needed a big dodge ram or something as a work vehicle and the wife a bmw
Ski lodge at Turangi and shouted the boys a charter at the White Island to show them he's a good fluffybunny.
When I hear someone talking about this sort of stuff they are doing or their boss is doing it's like I can hear a clock ticking towards countdown in the background. Two or three years from now things will get tight and they'll be in the shit. I've been doing this 25 years now and been through it three times , it's like these guys have selective amnesia and "this time will be different ".
Sure it will. -
@jegga said in Housing hornets' nest:
@taniwharugby said in Housing hornets' nest:
@jegga obviously needed a big dodge ram or something as a work vehicle and the wife a bmw
Ski lodge at Turangi and shouted the boys a charter at the White Island to show them he's a good fluffybunny.
When I hear someone talking about this sort of stuff they are doing or their boss is doing it's like I can hear a clock ticking towards countdown in the background. Two or three years from now things will get tight and they'll be in the shit. I've been doing this 25 years now and been through it three times , it's like these guys have selective amnesia and "this time will be different ".
Sure it will.Just like property price cycles. People think it will be different this time. I'm sitting waiting for the correction
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@jegga said in Housing hornets' nest:
@taniwharugby materials and labour price increases due to high demand cutting margins on fixed priced contracts is a big part of it. Fletchers just took a $110 million hit and speculation is that a decent chunk of it is the Sky city convention centre.
Most of the rest of it is the Justice precinct here in Christchurch apparently.
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something I found out recently, that I think may be a common mis-conception...
If you are on the grid with Solar in NZ and you have a power cut, you lose your power too...but a new system or adapter is coming to market soon which will mean your power will come back on shortly after the grid goes down.
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No hornets nest, but i pick the keys to my new palace up in half an hour. Some issues, but a mostly positive experience, and the house is amazing
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@mariner4life said in Housing hornets' nest:
No hornets nest, but i pick the keys to my new palace up in half an hour. Some issues, but a mostly positive experience, and the house is amazing
Congrats mate!
Photo's on facebook?
That means you move out from your inlaws place?
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something to take some of the heat out of the Housing Market??
Assume it will be double glazed and insulated as well??
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@taniwharugby said in Housing hornets' nest:
something to take some of the heat out of the Housing Market??
Assume it will be double glazed and insulated as well??
It would have to be double glazed and insulated to meet code. The price doesn't obviously include land and thats the real issue. Companies like classic builders buy up big hunks of land like an old golf course and carve it up into subdivisions , the money is in the land not the houses they build on them which I doubt they make much on.
A lot of subdivisions would let you build one of those places because it wouldn't meet the standards of their covenants. I'd be interested to know if the kit includes a floor, A1 homes used to advertise much the same sort of thing and it didn't include a floor which is a pretty significant cost especially on a sloping or engineered site. -
@jegga said in Housing hornets' nest:
@taniwharugby said in Housing hornets' nest:
something to take some of the heat out of the Housing Market??
Assume it will be double glazed and insulated as well??
It would have to be double glazed and insulated to meet code. The price doesn't obviously include land and thats the real issue. Companies like classic builders buy up big hunks of land like an old golf course and carve it up into subdivisions , the money is in the land not the houses they build on them which I doubt they make much on.
A lot of subdivisions would let you build one of those places because it wouldn't meet the standards of their covenants. I'd be interested to know if the kit includes a floor, A1 homes used to advertise much the same sort of thing and it didn't include a floor which is a pretty significant cost especially on a sloping or engineered site.According to the article, which I read. It is double glazed and the insulation is higher then the NI standard. It includes everything except the land, earthworks and the connections to services.
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@mooshld said in Housing hornets' nest:
@jegga said in Housing hornets' nest:
@taniwharugby said in Housing hornets' nest:
something to take some of the heat out of the Housing Market??
Assume it will be double glazed and insulated as well??
It would have to be double glazed and insulated to meet code. The price doesn't obviously include land and thats the real issue. Companies like classic builders buy up big hunks of land like an old golf course and carve it up into subdivisions , the money is in the land not the houses they build on them which I doubt they make much on.
A lot of subdivisions would let you build one of those places because it wouldn't meet the standards of their covenants. I'd be interested to know if the kit includes a floor, A1 homes used to advertise much the same sort of thing and it didn't include a floor which is a pretty significant cost especially on a sloping or engineered site.According to the article, which I read. It is double glazed and the insulation is higher then the NI standard. It includes everything except the land, earthworks and the connections to services.
I had a look at the Bunnings link and the brochure and missed any mention of the floor being included.
The stuff article was a bit more sceptical about Bunnings claims -
I only scanned the article...I know building regs have changed with regard to insulation and glazing...on the surface, it seems a very good thing, but like you say, getting that on a peice of land AND being able to build on it will be the thing...most sub-divisions have convenants around sizing of the home (ours was 150sqm) so it will be upto Cindy and her team to try and change that...could probably help Cindy and her 10,000 homes thing though
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@taniwharugby did your subdivision have any covenants about using a concrete floor ? They are quite common too , a few ban seperate garages as well.
The price doesn’t include labour for two builders for the quoted three months which would bump the $97000 up a bit .
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@jegga nah nothing about concrete floor (which is probably a bit tough given the topography of where alot of people like to live in NZ) or how many levels, we have an attached double garage, which has some gym equipment, couches, bunk beds and a PS4 in it...so we put a carport up too
I think our covenants were the standard ones someone puts when they split up thier property...no living in a caravan while building, no less than 150sqm, no roosters (or other noisy animals) and a few others that werent an issue.
I've just been checking the local rules as I think my neighbour is considering sub-dividing his 4800sqm section...
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@taniwharugby said in Housing hornets' nest:
@jegga nah nothing about concrete floor (which is probably a bit tough given the topography of where alot of people like to live in NZ) or how many levels, we have an attached double garage, which has some gym equipment, couches, bunk beds and a PS4 in it...so we put a carport up too
The concrete floor rule seems more common in the subdivisions with smaller sections . I think it’s meant to help keep out prefab homes .
The “ this housing company/building technique will revolutionise the industry “ story is one you see pop up once or twice a year. There’s not much margin in those smaller homes which is probably one of the reasons pre fab home companies seem to struggle and go under quite often.
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@jegga there is a section up the road that was sub-divided, has had 2 building co's try and do packages on them, but ultimately the land price is too high...1 got built on, 1 still vacant.
BUt there is a large 'exclusive' type sub-division about a mile or so away where sections are all
about 2000sqm, house must be >200sqm not including garage and start at $200k per section.And another larger one (about 400 homes, not the KIwibuild one up here, they are elsewhere) but for more 'mainstream' homes in town, with sections from 450sqm to 950sqm, sections start at $160k with strict covenants too, but think they are 130sqm for size
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The actual cost is double what the original article quoted.
Housing hornets' nest