Real estate, post COVID-19 level 4 (since 2020)

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#2782442 23-Sep-2021 09:03

Senecio:

Everyone wants more houses, just not in their own backyard potentially devaluing their own property.

We really can be quite selfish at times.

Yes, while I raised my post for one specific proposal, its a common theme to push back

wellygary

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#2782456 23-Sep-2021 09:17

Senecio:

Everyone wants more houses, just not in their own backyard potentially devaluing their own property.

We really can be quite selfish at times.

This area is in no one's "backyard" , its seriously out of the way of the rest of Nelson

https://www.stuff.co.nz/nelson-mail/125372439/kk-valley-the-opponents

blackjack17

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#2782461 23-Sep-2021 09:25

There is plenty of low intensity land in Auckland that could be developed to provide 10,000 if not 100,000 of houses without having to travel half way down to Hamilton if we are prepared to build up.

Here is a 17 ha block at the end of Dominion road (5km from the CBD) that has mainly full site sections (State houses?) that could easily be replaced with 4 to 6 story apartments housing 10,000s of people. And this is just one area, there are 100s of others like this throughout the inner suburbs.

If there was the will to build proper sized apartments that are suitable for families. Kiwibuild was a great idea that was poorly implemented.

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wellygary

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#2782470 23-Sep-2021 09:50

blackjack17:

There is plenty of low intensity land in Auckland that could be developed to provide 10,000 if not 100,000 of houses without having to travel half way down to Hamilton if we are prepared to build up.

There are plenty of redevelopment site the Govt has access to, its simply the they have a lack of capacity ....

https://kaingaora.govt.nz/developments-and-programmes/what-were-building/large-scale-projects/

Pretty much anything on the Dominion Road spine is waiting the the light rail decision..

...once its made the stop locations with likely become extremely busy with intensification...

quickymart

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#2782491 23-Sep-2021 10:14

When is that going to all happen though? Days? Weeks? Months? Years? Decades?
Problem is (IMO) it takes far too long for houses to get built.

wellygary

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#2782606 23-Sep-2021 11:21

quickymart:

When is that going to all happen though? Days? Weeks? Months? Years? Decades?
Problem is (IMO) it takes far too long for houses to get built.

yes, that is the biggest issue at the moment, but there are not thousands of spare builders just sitting around waiting for the call up, a

and with MIQ the way it is there is no way to bring heaps of extra people into the country like they did after the CHC earthquake....

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quickymart

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#2782819 23-Sep-2021 14:41

tdgeek:

Senecio:

Everyone wants more houses, just not in their own backyard potentially devaluing their own property.

We really can be quite selfish at times.

Yes, while I raised my post for one specific proposal, its a common theme to push back

Speaking of which...

https://thespinoff.co.nz/business/23-09-2021/the-costs-of-nimbyism/

mattwnz

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#2783058 23-Sep-2021 18:17

I would have thought a good place for high intensive housing developments in Auckland was near Eden park?. Don't they have pretty good rail to the park etc. The thing is that they have to be well designed otherwise they could become ghettos of the future, which is one excuse NIMBIES use.

quickymart

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#2784017 25-Sep-2021 07:36

https://www.oneroof.co.nz/news/40209

^ this one's pretty obvious - property owners

https://www.rbnz.govt.nz/news/2021/09/reserve-bank-tightens-lvr-restrictions

^ will this make any actual difference to prices though?

Divhon88

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#2784187 25-Sep-2021 15:01

Has the 1st Trumpet of housing apocalypse just been sounded?

https://asia.nikkei.com/Business/Markets/China-debt-crunch/China-Evergrande-misses-bond-payment-deadline?fbclid=IwAR3p52mPzdiXvm2gM7zPPl3spTRGGuviW3BPo9ANOMJrgQe4hz9yJXJIoD8

quickymart

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#2784318 26-Sep-2021 10:03

https://thespinoff.co.nz/business/25-09-2021/how-build-to-rent-can-help-ease-new-zealands-housing-woes/

Build to rent means you just rent the property forever, never owning it, right? While it might be a good idea for some, would it help with housing stock levels?

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quickymart

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#2785650 28-Sep-2021 14:06

https://www.newshub.co.nz/home/money/2021/09/economists-pick-when-the-turbo-charged-new-zealand-housing-market-will-stall.html

tdgeek

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#2785658 28-Sep-2021 14:28

quickymart:

https://www.newshub.co.nz/home/money/2021/09/economists-pick-when-the-turbo-charged-new-zealand-housing-market-will-stall.html

Not much new there.

Predictions. They haven't done well, TAB would offer better odds I suspect

Investors made money, tick

Most home owners its just on paper, tick

FHB are more locked out now than the last time I posted here, tick

Many people own their own homes, they can trade amongst themselves as some move towns, some upgrade, some downsize, etc.

I cannot see any quick fix.

mattwnz

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#2785745 28-Sep-2021 16:12

Many people are likely just trading homes, so the price isn't that important if both can buy and sell at similar amounts. The problem will be people upgrading who may have to pay a lot more. The main people benefiting will be those that are downgrading, as well as multihome owners / investors. But supply is at such historic lows at the moment, that some prices being asked are absolutely crazy. Some are however selling for these crazy prices, but it is largely driven by lack of supply and some greed or desperation. But each time one of these houses sell at the 'crazy' high prices, it sets a new benchmark, and pushes up 'estimated' values of other surrounding houses. Then when new equivalent houses are listed , they are often listed above the 'crazy' house price. I wouldn't want to be both buying and selling at the moment due to the increased risks associated with a rapidly rising market, especially if you sell before you buy. Which could be one reason many people aren't selling at the moment. But things do tend to go in cycles. The new interest deductibility rules on property announced today could make older houses less valuable for investors

tdgeek

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#2785845 28-Sep-2021 18:48

mattwnz:

Many people are likely just trading homes, so the price isn't that important if both can buy and sell at similar amounts. The problem will be people upgrading who may have to pay a lot more. The main people benefiting will be those that are downgrading, as well as multihome owners / investors. But supply is at such historic lows at the moment, that some prices being asked are absolutely crazy. Some are however selling for these crazy prices, but it is largely driven by lack of supply and some greed or desperation. But each time one of these houses sell at the 'crazy' high prices, it sets a new benchmark, and pushes up 'estimated' values of other surrounding houses. Then when new equivalent houses are listed , they are often listed above the 'crazy' house price. I wouldn't want to be both buying and selling at the moment due to the increased risks associated with a rapidly rising market, especially if you sell before you buy. Which could be one reason many people aren't selling at the moment. But things do tend to go in cycles. The new interest deductibility rules on property announced today could make older houses less valuable for investors

I agree, but remember that its not " sell at the 'crazy' high prices," Its buy at the 'crazy' high prices. Thats the problem. But its ok for existing home owners as the mantra was get on the property market, that insures you from price inflation. It does.

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