Totally anecdotal, but I have seen rents go up significantly already in my area/market (Orewa). When we bought (May 2013) 2 bedrooms were renting in the 300-400 range, now they are commonly 400-500. Still affordable IMO, if people are on a budget they will have to compromise on location, size just as you would when looking to buy.
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exactly
the only long term solution is to build more
so do you then build 'best quality' places that the majority of kiwis would love to live in
but can't afford
or do you build with "affordability" right up there with "liveability"?
at the moment ak council seems to have 2 approaches to affordability
1 - simply deny that there's an issue
with fall back plan of saying
"interest rated are low, maybe wellington can force banks to make no deposit loans available to people that can't pay them back"
ie right back to the usa practices that triggered the gfc
2 - refuse to consent developments unless the developers include some affordable homes below cost, to be presumably paid for by ripping off the buyers of the rest of the development
neither approach option is working
so completions are not keeping up with population growth
and the problem gets worse
woolly headed socialism at it's worst
all warm fuzzy running around in circles
while bleating about the unfairness of it allhave you defeated them?
your demons
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Originally posted by speights boy View PostExactly how are the buyers being "ripped off " ?
eri, I had a teacher friend of a friend in my house the other day. He can't afford a house, he's mid to late 40s but never been able to afford one.
What was his solution? Make our city more like Vancouver. Lots of bike trails, public transport etc.
I reminded him that Vancouver was a really expensive place to buy, more expensive than here.
He said "That just proves how nice it is, because so many people want to live there"
So you can't win with this train of thought I reckon.Squadly dinky do!
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Requirements for affordable houses
Developers have three options of ways to meet the affordability requirements.
For developments of 15 or more dwellings, developments must adhere to either:
- criteria A, where 10 per cent of the development is relative affordable;or
- criteria B, where 5 per cent of the development is retained affordable; or
- a combination of criteria A and B.
Criteria A
A dwelling is classed as relative affordable if it will be sold for no more than 75 per cent of the Auckland region median house price. The median house price is that published by the Real Estate Institute of New Zealand for the most recent full month of September, in relation to the relevant date.
To meet criteria A, 10 per cent of dwellings in a development of 15 or more dwellings must be relatively affordable.
the only way i can see this working
is for developers to over-charge 90% of the buyers
to subsidise the "affordable" 10%
that's council's 'token' attempt at affordability
they don't do anything themselves to improve it
they just write a by-law requiring other to do it
like packing up the ninja loans so complexly that no one could evaluate the risk
council try to control affordability by increasing the costs and passing them on to others
the cost is still there
just they expect others to pay it
then they need central gov. to come in and force them to speedily approve their own consent requirements
for which they need more council employees
and we get rates rises continually outstripping inflation
pensioners struggle to pay their rates
so they get rebates
meaning non-pensioners need to pay more
etc etc etcLast edited by eri; 11-03-2015, 09:48 AM.have you defeated them?
your demons
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certainly there are safer, better cars on the roads than mine
but i drive what i can afford
which in the bigger environmental and economic picture
is more important than continually upgrading whenever a 'better' product appearshave you defeated them?
your demons
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In th US the cities that are classed as 'affordable' all have one common feature.
No restricive land zoning.
If you fancy a piece of land you can approach the owner and buy it.
You can then build a house on it without requiring any council approval.
Get the local farmer to sell you a chunk of his land. Build on it. It works.
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But how do you make some houses in a subdivision affordable?
I have never understood how they how to achieve that.
If the land costs $400k per section who is going to build a $200k house on it for a finished product $600k?
They must be terraced or something different from a stand-alone house I would have thought.
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Originally posted by eri View Postthe only way i can see this working
is for developers to over-charge 90% of the buyers
to subsidise the "affordable" 10%
The buyers are not being overcharged at all.
They are paying what they consider to be market value for that particular property.
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Originally posted by eri View Post
the only long term solution is to build more
Good quality apartments with facilities and good amenities can be more liveable than some landed properties. Apartments optimize the use of land. Albany will be the show case.
Look at NY, London & Sydney, apartments are norm.
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I do wonder sometimes what we are trying to achieve in making Auckland an 'international' city like NY or London.
I wonder if you make Auckland like NY or London why would you live here rather than NY or London.
After all we are so far away from everything.
For many people NZ appeals because it is what it is not because it is like NY or London.
Just a thought.
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Precisely Wayne.
Some people are so hell-bent with their desire to destroy our uniqueness and turn us into another overcrowded seething mass.
Never mind Kiwis, off to 800 unit blocks in Albany for you.Last edited by speights boy; 12-03-2015, 08:51 AM.
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