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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.
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@snowy Yip, we were promised building to start in May 2021, it's due to go to the council this month sometime, we're just hoping to have a new roof deck by Christmas now. Sounds like everyone is, probably quite justifiably, proritising big jobs, but now we're dealing with timber shortages and price increases through no fault of our own.
I don't mind the relocatables either, it just doesn't work in our current plan. But the upside over relocating an old house is that they come warm, dry, and up to healthy homes specs if ones plans change and they want to turn it into a rental property down the track.
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@snowy said in Housing hornets' nest:
@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.
The site is about 1km down a paved country two-lane road (all flat) that turns off from state highway three.
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@gt12 said in Housing hornets' nest:
@snowy said in Housing hornets' nest:
@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.
The site is about 1km down a paved country two-lane road (all flat) that turns off from state highway three.
Sounds easy - depending on where the house is...
Mine wasn't on a yard.
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@aucklandwarlord said in Housing hornets' nest:
But the upside over relocating an old house is that they come warm, dry, and up to healthy homes specs if ones plans change and they want to turn it into a rental property down the track.
Healthy homes thing is a pain, and some of it bit daft as a landlord but it isn't hard to achieve either. One of mine is fully insulated, ceiling walls, underfloor, HRV, heat pump, all the shit but the extractor fan above the stove wasn't good enough. So a rangehood. I don't really care but some of it is stupid.
I should add that my ideas about relocatables is a bit skewed as I own a home renovation company and have a team of tradies but it would still be easier under the current climate than getting materials and starting afresh I think.
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@snowy said in Housing hornets' nest:
@gt12 said in Housing hornets' nest:
@snowy said in Housing hornets' nest:
@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.
The site is about 1km down a paved country two-lane road (all flat) that turns off from state highway three.
Sounds easy - depending on where the house is...
Mine wasn't on a yard.
Yeah, I need to get some idea of what consents + sewerage, water, power, driveway are going to cost, then go from there. I'm really shocked at the cost of, well, everything.
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@gt12 It gets a bit scary. I can give you some clues from my own experiences.
Metal driveway? Flattish?
Sewerage. How much land you got? Enough for a decent dispersal field? You talking 3 bed?
Power and trenching is expensive but if you get that right the driveway drainage gets done at the same time.
Got power at the top of the drive? Or nearby? That costs a bit if you need your own "box". Had a friend go off grid because it was cheaper and better.
Water is easy. Tanks aren't cheap but your storage requirements will depend on how many teenage kids you will have there. Kidding, more about the roof and runoff and where you are for rainfall figures. Always have excess storage!
You have to do all of that for a new build anyway.
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Not sure if NZ housing discussion belongs in this thread.
Is it true that National is about to allow foreign landlords to buy NZ properties?
Do NZ'ers pay capital gain tax on the sale of properties outside of their first house?
Taiwan,
1st house gains up to roughly 200,000 NZD=no tax
Gains greater than that on 1st house = 20%if you sell your 2nd or further houses house within
2 years - cap gains tax = 45%
2-5 years = 35%
less than 10 years = 20%
Housing hornets' nest