That approach only works if developers are monopolies Owning all the housing supply.To maintain high prices. Holding costs aren't a problem with the historic trajectory of house prices.
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That approach only works if developers are monopolies Owning all the housing supply.To maintain high prices. Holding costs aren't a problem with the historic trajectory of house prices.
Yes, this is the old textbook thing that people spit out despite exactly what I've said being standard developer practice. Every developer does slow, staged releases at the prices they want before releasing any new supply.That approach only works if developers are monopolies Owning all the housing supply.
Nobody is saying they can't use them for vacations, but some properties are banked rather than used for vacations. It seems contartictory to complain that we don't have enough stock, then complain that we shouldn't supply the market with existing stock.But why cant people use them for vacations? we shouldnt waste housing stock in great places for vacations for permanent housing stock as the permanent users dont reap the full value of those locations. The market is the best way to determine whether housing stock should be permanent live in or for tourists.
the problem is lack of housing stock. Not a problem of housing stock being used by the wrong people. The fix is for government to release a lot more land supply and invest in public infrastructure services for those land releases.
Yes. I live in ex public housing stock from the late 60's, its quite reasonable. Because there is SFA available, not a complicated conceptDo people in this thread who demand more public housing want to live in it themselves? If so, do you live in it now? If not, why not?
I dont disgaree with any of that. theres only so far you can go with inefficient use of the current stock though. But it does help. Removing stamp duty and replacing it with a land tax and changing the first home exclusion from the pension asset test would both be game changers in improving the efficiency of our housing stock and freeing up 4-5 bedroom homes currently lived in by empty nesters.Nobody is saying they can't use them for vacations, but some properties are banked rather than used for vacations. It seems contartictory to complain that we don't have enough stock, then complain that we shouldn't supply the market with existing stock.
We have approximately 1 million vacant properties in Australia - we don't have 1 million holiday homes in Australia.1
We also have a massive crisis in housing and a homeless problem as well. We currently also have a massive problem with materials supply and hundreds of builders going bust so the 'just build more' argument simply isn't working.
It does seem strange that the Fed government wants to put together a $10bn package for housing, but not make an arrangement to support builders going bust due to supply chain issues. I would have thought providing support for these builders would ensure there is steady supply of new properties to the market. If they were low or zero interest temporary loans, there would be little overall cost of such a scheme anyway anyway.Construction costs have gone through the roof and its frankly crisis territory at the moment. In my view its the reason the housing market has not collapsed after the massive rise in interest rates. however the building materials shortage problem is now easing so that should hopefully translate to lower costs. lack of workers in the construction sector is still a massive problem though. Immigration is the only solution I see here. Also a lack of businesses because of the cost blow out period that caused the bankruptcies and this will take time to come back. Red tape rules and housing standards are also far too stringent. They need to be relaxed which would help lower the costs of building.
Honestly and sincerely, * these grubby buildersIt does seem strange that the Fed government wants to put together a $10bn package for housing, but not make an arrangement to support builders going bust due to supply chain issues. I would have thought providing support for these builders would ensure there is steady supply of new properties to the market. If they were low or zero interest temporary loans, there would be little overall cost of such a scheme anyway anyway.
Yeah, I bet electricians all over the country will be lining up to sign off the CES for wires that some moron bought at bunnings for cheap and pulled them though his self-installed conduits.Speaking of tradies rorting system, they need to deregulate electricians.
You shouldn't have to pay $150+ an hour to rough in wires, any pleb can run the cables and the sparky can fit the power points.
Your not special, anywhere else in the world sparkies are plebs. It's three wires not rocket scienceYeah, I bet electricians all over the country will be lining up to sign off the CES for wires that some moron bought at bunnings for cheap and pulled them though his self-installed conduits.
All well and good until a barely literate pleb puts the wrong wire in and your house burns down. You can't even get you're and your right so I definitely wouldn't be having a go yourself.Your not special, anywhere else in the world sparkies are plebs. It's three wires not rocket science
Haha typical sparky nuggs, thinking YOU'RE special but you know deep down the trade is a joke with three wires.All well and good until a barely literate pleb puts the wrong wire in and your house burns down. You can't even get you're and your right so I definitely wouldn't be having a go yourself.
Speaking of tradies rorting system, they need to deregulate electricians.
You shouldn't have to pay $150+ an hour to rough in wires, any pleb can run the cables and the sparky can fit the power points.
I guess we are about to see if the theory of Landlords selling up will make housing more affordable is true or not.
Personally I would like to see prices come down. I would like to buy another one in a few years but the current prices doesn't justify it as an investment at the moment. I would also like to see my kids to be able to buy when they grow up.
Speaking of tradies rorting system, they need to deregulate electricians.
You shouldn't have to pay $150+ an hour to rough in wires, any pleb can run the cables and the sparky can fit the power points.
Geez ill have to tell my brother to up his hourly rate, hes on less than half of that
What one pays and what one gets paid aren't the same
You don't hate tradies?Why do Essendon fans hate tradies so much lmao