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Doing my bit for the housing crisis too. A bunch of new townhouses going in on the site where my relocatable was apparently. A net gain of at least 4 homes and none destroyed.
Surveyors (not Saveas for the Aussie rugby comms) here now, earthworks next week. Foundations week after. Fucking finally!
Council taking 4 months not 3 weeks for a consent might need to be looked at if we want more houses...
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@mariner4life said in Housing hornets' nest:
after a very quick search
you can spend $1.5M on a 3-bed basic house in the middle of nowhere
or
https://www.realestate.com.au/property-house-qld-trinity+park-136400098
that would appear to be significantly more livable for the family than the equivalent in my hood...this is the ONLY place that comes up in a search capped at $1.5m:
https://www.realestate.com.au/property-unit-nsw-fairlight-136910458
WTF is going on
@NTA I have had 3 mates sell up and move recently. One back to NZ, one to the mid-north coast of NSW, the last north of Ballina. Its a great option and is the only way to take advantage of the paper gains on your house - otherwise it means jack-shit except for the fact that it sucks for those who never bought. I thought hard about moving, but the one thing that will always stop me is the permanence of it - once you sell in Sydney, you ain't never coming back (unless you invest very, very well)
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@voodoo said in Housing hornets' nest:
but the one thing that will always stop me is the permanence of it - once you sell in Sydney, you ain't never coming back
Boo-frickin-hoo.
Look, there are obviously things that I'd seriously miss about living close to the big smoke. But having people living right next door to me would not be one of them. I grew up here, so "middle of fuck all" is not an unfamiliar concept, tho it has been a few decades
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@nta said in Housing hornets' nest:
@voodoo said in Housing hornets' nest:
but the one thing that will always stop me is the permanence of it - once you sell in Sydney, you ain't never coming back
Boo-frickin-hoo.
Look, there are obviously things that I'd seriously miss about living close to the big smoke. But having people living right next door to me would not be one of them. I grew up here, so "middle of fuck all" is not an unfamiliar concept, tho it has been a few decades
Nice. Our kids need the city vibe for a bit, but one day maybe - maybe quite not that remote though!
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My parents are subdividing some land and we were thinking about buying one of the plots. It's probably 15 minutes to a small country town in the south waikato, and it's going to be about 300K or more. By the time you do your site, sewerage etc and try to put a house on it, I'm assuming it'll be fucking near 800K.
To live there? I don't know how people afford it - I assume they don't and they just have to bank on potential capital returns.
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@nta out of interest, we advised on the very original solar flagships tender, which our client (FRV, Pacific Hydro and BP Solar) won with the project at Moree - was an awesome deal, had 9 x banks backing it, bugger all grant money, but ended up losing the thing for a variety of reasons. It got built later on with no banks, heaps of grant money, at half the size
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@voodoo said in Housing hornets' nest:
@nta out of interest, we advised on the very original solar flagships tender, which our client (FRV, Pacific Hydro and BP Solar) won with the project at Moree - was an awesome deal, had 9 x banks backing it, bugger all grant money, but ended up losing the thing for a variety of reasons. It got built later on with no banks, heaps of grant money, at half the size
Local member wanted a slice of the publicity I suppose?
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@mariner4life said in Housing hornets' nest:
@reprobate said in Housing hornets' nest:
@voodoo and yet still plenty of property owners will argue that nothing is wrong and how dare the government intervene. Ignoring that central and local government / reserve bank policies are the major cause.
Just a shame everyone in parliament owns plenty of property, or we might have seen some action taken 10 years+ ago.how do you fix it though?
You can't just arbitrarily devalue everyone's property, then you end up with a mortgage higher than the value of the house, and the bank comes knocking
Increasing interest rates only hurts people trying to get in to the market in the first place. and smashes the poor.
Maybe getting rid of interest only, but will that do much except probably increase rents? Especially if there is a shortage of supply?Banks can be and are regulated. Those regulations can be and are changed. If they've lent based on a value they've given a property, then why not make them stick to that value. Then sure, someone has overpaid, but they're still just paying the mortgage, and they still have a house. For anyone who owns one home that they live in - the value is semi-meaningless unless you are leaving, because you sell and buy in the same market.
My posts tend to get regarded as being pro first home buyer, but I don't really a give a rats about them specifically. When the DTIs come in, they should apply to them. Don't let people borrow so much when houses are so over-valued, it's crazy. And this then makes it harder and harder to do anything about it without fucking people up. The more you wait, the more people you fuck up - and successive governments on both sides have had no balls at all, and they've created and exacerbated this mess.
Supply needs to be addressed. But there are still houses advertised in NZ that make no mention of even living in the house as being an option: Land bank (what a fluffybunny of a term that is), invest, subdivide, develop. You can have a shortage of supply without a massive price increase if demand is limited too. If it's not attractive as an investment and people can't borrow through the roof, then less people want/can buy those houses - then prices stay down, ROI for landlords is fine and they don't crank rents etc.
I just don't think it is as complicated as people make it out to be. -
@reprobate said in Housing hornets' nest:
I just don't think it is as complicated as people make it out to be.
It's not, and addressing supply is the issue. Making it easier for people like me to build houses would be a good start, but I won't because it isn't.
We don't often see eye to eye on this but I do agree with most of your post.
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@snowy said in Housing hornets' nest:
@reprobate said in Housing hornets' nest:
I just don't think it is as complicated as people make it out to be.
It's not, and addressing supply is the issue. Making it easier for people like me to build houses would be a good start, but I won't because it isn't.
We don't often see eye to eye on this but I do agree with most of your post.
I agree as well. All the other shit is window dressing, once they address supply the market will correct itself
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Must be time for some Georgism...
That aside, categorise the income rent related subsidy the same as the accommodation supplement (so it doesn't require an appropriation in advance), and go hell for leather building state houses and social houses (state houses built by other providers). Also make councils eligible for the IRRS.
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@Snowy how long do you think it would take from flat land to having a relocatable moved on? I'm looking to come home in about 18 months time, and have some land with a building site - relatively flat. I'm guessing that moving a house on will be faster and cheaper, am I correct?
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@gt12 said in Housing hornets' nest:
@Snowy how long do you think it would take from flat land to having a relocatable moved on? I'm looking to come home in about 18 months time, and have some land with a building site - relatively flat. I'm guessing that moving a house on will be faster and cheaper, am I correct?
It can be done relatively quickly, and yes faster and cheaper (sort of, depends what you want and do to it).
Be careful of your access and roads. What those trailers can do is flat out amazing, but some places are more difficult than others.
Firstly finding a relocatable is difficult and some of the companies are dodgy. You need to get in fast and pay mostly up front - as my lawyer put it - a leap of faith.
You need to make sure that you have somewhere to keep it for a while because you need building consent just to put it on the property which includes all of the foundations and all the other shit that council want. It takes time. You will also want to change it to suit you, so delays with drafties / engineers before council start throwing spanners.
Once you have the consent, earthworks, poles, can happen fast - a few weeks. Usually want a new roof, (often have to take it off for transport, depending on clearance, bridges, etc) couple of weeks for roof but it will be covered. Tarps.
So the answer is yes, faster and cheaper, but with a shitload of variables. It is not for the faint hearted but neither is a new build.
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Cheers.
I'd probably use a company like the relocatable house co so I'd appreciate a PM with any companies who you'd suggest avoiding.
Should be able to get a geotech report soon and then sort out water, sewage etc.
If I have a year or so and my old man on site, it sounds doable at least.
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@gt12 Depending on what you want and how big you want, there are quite a few places that will make pre-fabricated houses and drop them on-site, as opposed to an old house that will then need a heap of renovations done on it.
We've got a place in Tauranga that we're currently renovating - it's close to town with a 250ish sqm side-yard. Too small to subdivide, but we're looking at a minor dwelling that we could rent or Air BnB. Because it's a minor dwelling it can only be 60sqm plus an 18 sqm garage, but there are some pretty decent contemporary options for quite a reasonable price. I think they do up to 140 sqm.
Ultimately if we do it, we'll end up having something architecturally designed (to fit with the aesthetic of our current place and to maximise what we can get within the boundaries. If we make it two-storey, it'll have great views from the second floor), plus the pre-fab ones don't really suit the section size (the living of all of them would stare directly at our house).
Not sure if it's strictly apples with apples given we're in Tauranga, but we're currently replacing the membrane roof on our house and putting a deck up there while we're at it, and it has been an awfully long process from start to where we are now - almost a year already and building hasn't started. Builders, engineers and architects everywhere are pretty much booked for the next six months, and the council is a pretty slow process too. If I were you, I'd get started sooner, rather than later.
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@gt12 said in Housing hornets' nest:
Cheers.
I'd probably use a company like the relocatable house co so I'd appreciate a PM with any companies who you'd suggest avoiding.
Should be able to get a geotech report soon and then sort out water, sewage etc.
If I have a year or so and my old man on site, it sounds doable at least.
Definitely doable. You are on track anyway with geotech, etc.
You rural? So all your own sewerage and water?
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Warlord's last comment is really true. Start now.
My place was supposed to arrive 14 Nov last year. I'm hoping early Oct 21 now. We added and changed things massively, but we will get the house that we want, along with pool, extra garage, etc.
It is also hard work project managing. An awful lot of people involved.
I think that relocatable homes are O.K. BTW.
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@snowy said in Housing hornets' nest:
@gt12 said in Housing hornets' nest:
Cheers.
I'd probably use a company like the relocatable house co so I'd appreciate a PM with any companies who you'd suggest avoiding.
Should be able to get a geotech report soon and then sort out water, sewage etc.
If I have a year or so and my old man on site, it sounds doable at least.
Definitely doable. You are on track anyway with geotech, etc.
You rural? So all your own sewerage and water?
If I commit to it, yeah we’ll be rural in a section split off my parents lifestyle block.
We’ll go back to NZ for one year to see how we like it, then come back here for medium term (5 years) or long term (will depend on how things go in NZ).
The plan is to have something serviceable there which we can live in for that year, then hopefully rent out when we are not.
My old man is very useful with his grader, so we’ll have a nice site, I imagine.
Housing hornets' nest