Are these ideas the future of affordable housing? | ABC News
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- เผยแพร่เมื่อ 19 พ.ค. 2024
- Affordable housing is the dream for many Australians, but it often seems out of reach. Cheap builds, cohousing and community land trusts are just some of the solutions being tried by individuals in Australia and overseas in an attempt to break free from expensive housing and rental markets. ABC News has taken a look at how they're doing it.
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Tiny houses on tiny parcels of land with a gigantic mortgages. A developers dream.
And in the middle of nowhere
@@angelicgirl305 The Jews? Are you watching the ABC or al Jazeera?
@@angelicgirl305 Racist, unrealistic, misogynistic, and more, very bitter views indeed for someone using the nom de plume Angelic Girl?
Perhaps you cannot spell either.
Devil is spelt d-e-v-i-l. More appropriate with your opinion.
Uninformed on basic knowledge and Relevance to Video?
Australian houses are cheap. Australian land prices are the problem. Least populated continent has the world’s most expensive land? Thank Government for that!
yeah get the government out of the housing market
Eventually there won't be enough new people to fill jobs. A lot of older people chewing up land in high value areas, which are usually near jobs, only creates pressures on new people to go into greater debt to buy property, or pay higher rents or commuting costs. This restricts their ability to have many children, meaning you have to rely on immigrants. The problem is, with the high housing costs and low incomes, most of your immigrants will be from the Great Unwashed - poor, uneducated types. The ones you don't want, because they can't do a lot of jobs. The more skilled immigrants will move on as soon as they get something better in a country they can afford to live in and have a reasonable lifestyle. This system will erode out the labour force that maintains it, so long as large slices of land continue to exist for the benefit of the rich few.
No one really seems to have understood just how instrumental government has been in creating artificial scarcity through zoning restrictions.
Yeah, cheap crap. I've never seen so many poorly built houses in my life
@@rotam8680 Agreed, zoning laws need to be loosened, particularly for single room occupancies, mixed commercial residential etc. We also should have reciprocity arrangements with foreign buyers. Australians can't build and invest in apartments in mainland China (they are one of the largest sources of foreign buyers), until they relax their restrictions the same should apply to them here.
Please don’t get me wrong, I love tiny homes - I’m planning to build one - but the answer to affordable housing can’t be lowering people’s expectations of what they can get out of life. Housing needs serious restructure here.
I don't see prices going down any time soon, so it would actually help to lower people's expectations. Otherwise, they are just setting themselves up for unrealistic expectations and disappointment.
Anyway, it is good for the environment to accomplish more with less materials.
I see your point. In some ways, present technology still points to economical timber as being a luxury worth attaining again. (Intentionally understated for effect) Let's at least invest in more tree planting.
tiny homes is affordable housing, this is what inflations along with supply and demand looks like. your dollar shrinks ..you cant buy as much as you used to
Why is your opinion that reducing expectations isn't a solution? What gives your view credibility?
@@modernexistence4206 We've recently moved into a tiny home so that we could assist family members that were in a desperate situation with regards to the current rental climate. I've come from the experience of sharing a 2bed cottage to moving into a 6x6m tiny home (So a pretty big one). There are places where the downsizing has been comfortable. I didn't need a full size kitchen, it's easier to clean, but when both people work from home full time and there is only so much room things become a little more diffcult. Across the board there are a lot of sacrifices that need to be made when downsizing so much and I don't think people should be forced into the position. Living minimally can be a great approach for some but I don't think it is one for everyone.
$ 208,000 ... do you call it cheap !
He could have moved to Queenstown, TAS and brought an old house for 60K.
He must need to be in the area. Also, I don't believe he mentioned how many acres he purchased.
At start they say only 17 000 and it ended up 208 000 fake news again...
Desi Littlest Pet Shop 😬
All it is simple, people with the intelligent to build houses or company,makes more ideas to sit around and make money,while the young works hard everyday,I mean the pay is really necessary,but in a bad way it enables people to not want to work knowing it is family owned,like how the war started back in the day,they took someone else's land and now claiming it,selling it to random consumer,really irritating if you ask me
This is all great but in Australia councils make peoples lives hell. That's the biggest issue. Councils push back on everything. I want to build an off grid house, I don't want to hooked up to the energy or water grid. People who have tried to do that before have had a lot of push back so you end up spending thousands just to meet the councils needs.
Your forced to live like this!
I live in rural Thailand where we can build on our land off grid, no permission required & no rates to pay. The downside is we have no services from the local council either we do have electricity & fast internet
@@ubonrat8653 Asian Street Scenes A thought provoking reply!
I often forget that the council restrictions maintain the appearance and function of our suburbs.
Out of interest, do you also have running water and sewage systems or is that off grid too?
But I thought we lived in a free country?!
Astrologist Septics are off grid. Money suburbs in Australian cities still use.
The issue here is local council rules and regulations, some insist on certain building materials, some come under Bush fire regulations, some don’t allow certain styles of architecture, some set building time limits, some are just downright difficult, all trying to $ gauge you as much as they can when they should be supporting people that want to do this. Buying a house in Australia is not so attractive anymore. I can buy two houses in the EU for the price of 1 in Australia, classic houses, well built, low running costs, what a shame 🇦🇺
@@alegriart Sorry, it's gone up there too. Apparently a shortage of building materials and skilled builders
This is sad where is Australia going? Getting harder to live a regular life every year.
Government fighting climate change by increasing tax, thus losing all our manufacturing and making Australia more expensive to live in. Our dollar is being kept on life support and is bound to crash hard.
How is this sad? A guy made his own house.
You don’t think it’s sad that people are forced to “get creative” live with extended family or build your own tiny house just to live in a house they own. Not the Australian dream I grew up wanting! But if it’s yours then great...
@@angelicgirl305 WTF?
@@nchalp6631
The dream is in your own head. If you think you need a mortgage or own your own home or whatever and it's out of reach, you've just sabotaged your own life.
Half the world are living in abject poverty. Perspective, bro. Rent and live within your means and get over whinging about your dreams. The world doesnt give a shit, we all have to deal with it, mate.
I rent. I'm happy.
Everyone takes property price rises for granted. Just remember a massive ressesion is fast approaching and we are totally exposed. Just scratch the surface and youll see the economic cracks that grow wider each day. The cracks will swallow housing. So stay positive and keep saving.
Buy now at the top and be a debt slave or save and buy as prices plumet. Dont be afraid. The market is one overprice piece of junk. Renting and buying now are both just as bad.
They've been saying that for ages, but stocks and property keep going up and up. The reality is there's an endless stream of buyers. Even the GFC looks like a blip on the charts compared to where we are now. A recession is of no concern to long term investors
The house of cards is collapsing as we speak. When the worst comes its gonna be nothing aussies have ever experience before.
@@soulsphere9242 do u pay any attention at all to international news regarding political, social and finance?
@@soulsphere9242 Then you'll under stand im not parroting a clickbait article header
You sound like fun at parties.
Tiny homes are a great concept, however, touting them as AFFORDABLE, is disingenuous. You have to have land to build them on and zoning being a consideration can be an uphill battle!
Yes, I agree.
Fancy the ABC touting such BS!
May 2019 We moved to Narrandera, never looked back...4 bedrooms mid-century modern home(1960's). Under $160,000 bought.The people are lovely, 1 hour to Wagga or Griffith. The hospital in Narrandera was 1st class( for my 2 day stay). Five and a half hours from Sydney, we are laughing. Rates $45 a week. Coles-dentist-vinnies-3 pubs-2 hardware -churches.leeton 20 min drive, lots of shops....Should have done it sooner. If you want work, you can get it.
Beauty
Nothing there for those prices these days. Same for where we bought in Maryborough qld in 2019. We got a big highest Queenslander for $188,000. It’s worth around $311,000 now and we’ve done nothing to it. Just everyone escaping the cities due to covid. Would be hard to get your foot in the door for these prices now.
Building a house is not as hard as people think but buying land where you will build that house is the most challenging part. When building a house you can build it in phases but in purchasing land you do it once
One of the truck drivers at work lives in a mobile home. He drives it to work and parks it at night around the corner. We have a shower at work. He says he is happy. No rent. He is saving a packet.
Housing prices are based on what is wrong with our whole entire economic, capitalist system; it is based on pure and utter greed. Banks, Governments, Builders, "Investors", corporations, Real Estate Agencies( wth their percentage cut want bigger prices) and not forgetting people who sell also want higher prices, which in the long run, price their own children out of the property market and out of the cities in which they grew up in, how stupid is it?
It's very stupid
It’s called being a victim of your own success. You can’t have a low cost of living combined with high asset prices.
Thousands of dollars spent on red tape at every single turn. We are so heavily taxed- and by that I am talking about stamp duty, fees to local government (usually for little or nothing in return) and thousands in sundries added here and there throughout the build process. Much like getting paid $100, taxes $30 and then buying petrol which you also pay tax on...it is unsustainable for the average person.
ML6103 it’s true, but overall we’re actually a low taxing nation. We tax about on par with America.
Andrew Horton what you are saying is pertinent however this situation is not sustainable. To have major international conglomerates paying no tax and the everyman paying these levels of tax for basics is a recipe for disaster.
I prefer a small house ... All the Basic stuff easy to clean ... Have a good área of garden/forest and created a amazing environment outside... I dont mind to pay to do that!
That's my dream too. Small house, giant garden.
vanlife is much cheaper & mobility (you can park in front of the waterfront without the expensive price tag)
funny enough i know couple of people that do that including of a mate of mine its ok.. if your single... but if kids come along...
We recently traveled for 3.5 years around australia in a van and let me tell you it wasn't all roses. This bloody country is already locked up and its getting worse. All you see is NO CAMPING signs everywhere - gooooood luck camping on the waterfront of anywhere unless it's remote and even then you have bloody ranger patrols. not to say free camping can't be done but it takes a fight to stand up for your rights...not everyone has it in them...people generally take the path of least resistance and end up in a shitbox caravan park paying $30 plus dollars a night. unaffordable
Van life is not going to promote large families. The population growth the government needs to pay for our huge welfare state.
@@user-dq2ym1nn9k lucky I'm in Tassie huh lol
The Government have the ability to solve a lot of these issues; replace stamp duty with an annual tax, include the family home as any other asset for pension calculation, get rid of negative gearing, get rid of most planning restrictions, better internet infrastructure in regional areas, better public transport to regional areas, move government jobs to regional areas or at least make it very easy for these workers to work from home and stop foreign investment where Australians can not invest in the other country.
Ok...
1. replacing stamp duty with an annual tax makes houses more expensive, because instead of a one off payment you are getting slugged every year.
2. the family home is a liability, not an asset. It costs you money to hold.
3. get rid of negative gearing and you slow down investors. That also means fewer new homes being built, which means more competitive and more expensive rents.
4. not going to argue against better infrastructure and public transport. Does cost though.
5. stopping foreign investment would certainly lower prices, particularly on the east coast. More first home buyers may make it into the market, but lower prices also mean it's easier for investors.
Housing is very expensive if you want to buy in a high demand area. It's very cheap if you invest away from cities. The real answer to a lot of first home buyers is pretty easy - lower your expectations, and be disciplined with your money. If you are aiming for a smaller house or one further away from CBDs, and you are keeping your household costs low, you can find places. My first house was in a literal swamp. My last will be in a blue chip suburb.
@@kenreckless9845
1. This is completely false, instead of paying upfront and including the cost in your mortgage which gets charged interest you would pay directly to the gov and would not be upfront. Plus it would make it easier for people to move to take on a new job or have more kids etc.
2. The home is an asset, well at least the value less the remaining mortgage amount. Doesn't matter if it costs money it is still worth something. For example if someone sold their house and choose to rent, would the money in their bank not be an asset?
3. Apologies, I meant only get rid of negative gearing for existing builds, keep it for new builds.
4. The cost would be recovered by the savings on negative gearing as well as an estate tax that would apply to all assets.
5. It's statistically much harder for people now than before, regardless of personal anecdotes. Of course people need to be realistic but houses where I grew up and lived until very recently were 150K in the 1990s, those same houses are probably 1.5m now. 10 fold increases in 30 years has priced many out of the market and i don't really want to live somewhere where I would need to commute for over an hour to work each day. Hopefully with online working I might be able to live in the country and come in one day a week, but who knows.
@@wyattjosh283 1. If the 20-30K stamp duty is making that much of a difference, you can't afford the house.
2. the family home is never an asset. You have to live somewhere. Are you suggesting that to qualify for the pension you must own nothing? Way to put the elderly at the mercy of landlords...
To point 5 - yes it is much harder now because the number of people trying to buy homes has dramatically increased. We've added 8 million people in that time, mostly in the coastal cities, and we now have huge numbers of Chinese people trying to protect their money from the CCP by investing in real estate here. Competition has driven up the house prices and we simply haven't built enough new houses. "I don't really want to live somewhere where I would need to commute for over an hour..." Nobody does. Hence the competition and the high prices. If you can't compete, then bite the bullet and do the long commute. Or rent. I grew up in Outer Western Sydney. 2 hour commutes were not uncommon, and that was in the 1990s.
@@kenreckless9845 stamp duty makes a difference, alright only a small one but still a difference. Plus an annual tax would mean that people who bought decades ago pay their fair share of state tax. The family home is an asset, people who own one have the option to get a reverse mortgage. Or they can rent, why should young people be forced to rent but retirees with far larger bank balances hide their net worth in their home to make sure they can maximise their pension. It's also hardly fair on pensioners who don't own a home. The population has increased in Sydney and Melbourne and clearly foreign investment laws need to be changed. A simple answer would be to make it that foreign investors can only buy new properties, that would create new construction jobs and there would be plenty of new apartments for people to rent at low rates, especially if laws also put extra taxes on unoccupied properties.
@@wyattjosh283 "why should young people be forced to rent"??? Are you kidding??? Because those young people have not yet earned the means to buy a house. They should get off their backside and go work, not complain about people who have already worked hard and now have their own home.
What do you consider a "fair share of tax" that you want homeowners to pay? You know, besides 30+% income tax, land tax, council rates, utilities charges, various emergency levees, insurance on all the above, plus maintenance. If someone works hard, makes good choices and now owns their own house, they have made good choices and should be congratulated. Doubly so if they've been able to invest in another rental property, because their hard work has enabled someone else the opportunity to rent that house.
Pensioners who don't own their own home should be rare - after all, what were they doing their whole working life - but regardless, they get subsidised housing provided for taxpayers. How is that fair for the hardworking homeowner? They have worked and sacrificed for their home, and see the taxes they have paid just get spent to give someone else the same thing that the homeowner had to work hard for. We have a very generous safety net in Aus.
If you want something, whether it's a house, car, boat, whatever - you are far better off working hard towards your goal than sitting back complaining about what someone else has. That and being clear eyed about your financial capacity. I know very well that I will not likely be able to afford to buy in inner Sydney or Melbourne. Ever. I'm very okay with that. Instead I'll buy where I can afford.
Foreign investment laws I reckon we have some common ground there.
Some interesting ideas, but local government regulations are a serious limitation to innovation. Most housing alternatives are technically illegal in many areas. Meanwhile Australia's rapidly growing population (we are now growing faster than Indonesia) at third world levels is creating enormous demand for existing housing stock, pushing up prices. I cannot believe this level of incompetence is accidental, it is by design to benefit the big developers: keep prices high and force us all to buy their crap appartments because we have no other choice. Both sides of government are complicit because they rely on corporate donations.
It's the land issue that's the problem. You cannot buy a block of land under $50,000 near a capital city.
I understand that in the UK the CLT model probably works well too because unlike here in Australia, technically HM the Queen owns every inch of land. When you buy your house over there, and the land it stands on, yes you own the house, but you technically ‘lease’ the land component. You never actually ever own the land because that belongs to the Crown. I heard or saw that some time back.
For me though, living in country Victoria outside Melbourne, and not far from the water here, my partner and I bought what to us was an insanely cheap house and land....well under 200k back in 2007 when Perth prices were skyrocketing at the time we lived there. We moved to Victoria in 2015 and have never looked back living in our country cottage free from suburbia. Sure, we commute, but I think the key is moving out of the big cities and working your options. We made it work.
That's not cheap.
For 208,000 Australian dollars you could buy a literal mansion in Brazil... Or a 250m² apartment in downtown with all the convenience of the world.
Someone like Elon Musk should invest in actually mass made nice design inexpensive houses. I think it's possible
@@LucasRodmo I haven't checked this out yet - but heard a few years ago that Swedish giant, Ikea, were developing flat-pack home designs. Makes sense 👍
Thanks ABC, Pertinent topic! I’ve been thinking about getting together some land at least to start on a basic private dwelling... First things first, research!
Will be moving into the truck soon, 35 grand all in with all the amenities, no more power bills or rent, no more being held to ransom for the basic right to shelter by a system that has failed us. and if a location isn't working out, no more packing/lifting moving/unpacking boxes for days, just jump in the drivers seat and turn the key...
Sounds awesome you’re living the dream jedics.
@@alyssaoconnor yeh been in for 6 months, couldnt ask for more other than more power storage which I will get when all debts are payed off.
It's the land itself that cost a lot .
Such a shame the producers didn't think to outline something as fundamental as the size of the houses to give a perspective of $psm, as thus their affordability.
So just more unaffordable housing 🤔 nice 🙄
What I was thinking...
So how are those house prices cheap? Why not do what we did, buy a 4 bedroom house on Tasmania’s West Coast for $70,000 and put $10,000 worth of renovations and eco technologies. We now have a modern 4 bedroom eco efficient home for only $80,000.
The partnered ownership concept, the land trust, and the co-op are not viable unless all the people involved never move again for any reason. Why would you pay so much money into something that you can't own nor pass on to your children, while also permanently hamstringing your mobility?
That slice of the pie is just getting thinner and thinner, soon it will be a favela shack.
Since Landcom stopped actually building and selling housing at reasonable rates ,since governments stopped building then selling low income public housing & sold off the majority of existing stock,a nd since banks are allowed to do whatever they want, the market has exploded. More needs to be done to shift population away from coastal areas to regional centres. Subsidised housing & rents, cheap retirement & public housing , better transport, services & amenities. All these alternatives are interesting but not applicable to the majority.
Just keep renting until all those boomers are ready to sell their homes and prices tank.
@DX2000X nope. They have no savings and no retirement.
It’s not just the house prices that pin you and push the prices up. It’s also getting approval from councils. I am a skilled tradesman and I could build a house for 10-30k that would stand for 100 years. But. You’re never going to get a council approval.
Look at the guy who wants to live in a van over in WA. The council won’t stop hassling him, fining him etc.
Bet he spent as much or less that this lady spent on her floor boards for the initial vans though.
Greed of developers puts prices up. Downsizing is getting very difficult as you pay more for a smaller place for the price of the sale of your home.
Not greed of developers. They don't set the prices. Buyers set the prices. If prices are high it's because there are lots of people out there wanting to buy and prepared to spend big. No buyers, prices drop.
I purchased a banks 4 bedroom , brick repo for 10k... and yes I had to do some renovations - but now I own my home thankfully-
No Mortgage - no rent- and my property taxes are manageable. If you’re not looking for the perfect house- you can find a home in the US
Everyone’s got cash to clog the Fast food drive throughs, clog the roads with pointless driving, clog the restaurants, and shopping centres but no one can afford what really matters.
This is the plan.
Neither my wife or I do any of those things, so obviously not "everyone" does what you claim they do.
I love this but " pointless driving " kinda throws me off BC you make some of the best memories taking in nature's surrounding on some old back road with best friend ,♥️
this is the way
Ant Poo so you can’t have a life then?
So live in small town can afford to buy and live but have to do said "pointless driving" to get medical and facilities or visit family in other city/states.
“He did some of the unskilled labour himself” rightio what supposed tasks did he do that were considered unskilled? He’s an architect
I don’t see many differences in housing issues between Australia and the US.
Don't be fooled, he is architect, he has land, second hand material and some skill to do some job. Most people don’t have access to it.
Move to Asia at 30% and live happily for ever
Sum up. Want a house for 70k? Become an architect and builder. Easy!!!!!
Alternatively, own a house already and get your friends together to build another one for 100k. No problem!!!!!
Last option, buy a cheap house that’s only going to make the landowners the house is built on richer and rewarding you a f*ck all return when you sell it. What an awesome investment!!!!!
Great options for everyone!!!!!!! 😄
The story should begin at 6:00. It is not the cost of construction standing in the way of affordability. When you want to build your dwelling in big metropolitan areas, the cost of land far outweighs construction. There are plenty of good kit homes on the market. If you are happy to live in the country, you do not even need to worry about a cheap build .
200k is still too expensive. My parents bought their house back in the 80s for around 50ishk
You should of had the foresight to be born 30 years prior to when you were, obviously.
$50,000 in 1980 is $217,309.47 in 2019. And if you get a mortgage for $150k (with a $50k deposit) at 3.27% that's $655 a month. The average monthly salary in aus is $6,536, so it's affordable for a lot of people. Obviously not everyone, not myself, but hopefully one day I can house for $200k.
@@Kieran4Mayer true but things where also relatively cheaper as well
You rent where you want to live, you buy where you can afford. Every Australian can afford a home you just have to be willing live where you can afford.
The CLT would still charge a rent for the land usage by the property owner.
Some local farmer in NSW told me he has much land unused and was considering subdividing to make some land available...how much for subdividing 1/4 acre? $140K!!!! so what...only developers can afford to subddivide! greedy councils...that is our problem in Australia
"mum and dad investors"
What are you talking about ABC? It's FOREIGN Investors.
Boomer gen downsizing is well underway but isn’t translating into lower prices due to massive immigration levels....yet. Just keep renting and save the difference. Every dog has its day.
If we didn't have mass immigration and uncapped foreign investment to prop up boomers asset prices the low birthrates of the boomers would have come back to bite them in the ass as the property market deflating thus making it cheaper for young native families to buy and have larger families as the boomers parents were able to do.
The trouble with the rental crisis is that renting is just as expensive as a mortgage, in some cases a mortgage would be cheaper even if your living in the country. Good luck meeting the borrowing standards and being able to get a loan though even if you can provide rent receipts to prove you currently pay more.
@@alyssaoconnor exactly. My then husband and I tried to do that 10 years ago. We would have been paying 3/4 in mortgage as we did in rent (less now with interest rates so low), and ended up owning the place, but the banks wouldn't lend the modest amount we needed to get started. Instead I am trapped paying higher rents and moving further and further from our social network every time we are forced to move.
@@fionaanderson5796 I’m sorry to hear that hun its bloody ridiculous isn’t it, I experienced the same thing 19 years ago but as a single parent to one child with two casual jobs and was considered too much of a risk. I’m lucky my partner and I own a house now and I appreciate it as I know renting and buying now is out of reach for too many. Its a sad time when many people are trying to survive in caravans, cars and tents or having to move hours away from any support when there are options like this.
Bloody innovative ideas on the future of housing ❣❣❣❤❣❣❣
I thought, that houses in warm countrys are cheap, but in scandinavia houses cost even less. Btw i have also video, how to lower building costs.
In the Netherlands the lack of land is a big problem. And investors buying up houses. We have about 1 milion people searching for affordable housing. And loads of others who couch surf, stay with family or live in a holiday home.
Best way to get house prices back to a reasonable level is to get rid of negative gearing and the discount on the capital gains tax. Way too much taxpayer money is going to upper-income earners and rich investors.
Instead of housing being about buying a place to live in for shelter, it has slowly been transformed into buying several houses so you can get rich from rent and prices going up. Cue the property developers buying multiple blocks of land, knocking down all the houses on it, then putting in townhouses, and even worse - apartments, all in the name of making more money.
The idea being proposed in this video will just end up being abused by those who are better off.
Take money out of the "housing market", and people will start spending money on other things, leading to the economy improving.
What "local timber"? Yum!, fire braised termites!
Richard Pauli yes, it’s a real lucky dip!
House prices grew sharply in the late 80’s, but wages didn’t- that’s because the Hawke/Keating brought in a wages accord with the unions. If they didn’t do that, then imagine how rampant the house prices would have been, as more people would have more money,pushing up house prices and inflation & perhaps causing a deeper recession? Surely the presenter would have known that one...
Tiny home but HUGE flatscreen and lounge and King or Queen size bed 😁👍
I like ideas like this. The problem is that sometimes country has to follow codes...
Tweak that community land trust policy, than affordable housing wouldn’t be out of reach for young couples and young singles.
It does actually seem like a decent solution
Interesting video, well done, thanks.
$210,000 is way too expensive for a house that small
That's including the land
@@thomaswilliam630 he spent $75,000 on land (bit pricey) but if that was just land. The $103,000 on building the house is far too much and not cheap. There are way cheaper ways to builds decent house. He also spent
$30,000 on services like wtf..
@@thomaswilliam630 if we're talking "affordable" he's off the mark there. Especially for such a small "granny flat".
@@deprimat666 watch the program again. $210,000 includes everything.
This is Australia, not a developing country. 210 in Australia is cheap.
Too many folks trying to get rich from real estate has caused the shortage in homes and that drives up the cost! 💯
.
Make sure you have a garden hose at every corner to take care of bush fires
The gist of the story, the average income for large portion of the population not growing compared to the house price. I can see how hard it is get a pay rise. The problem sits with the business owners and in politicians as they want cheap salve labour at the end. It makes sense if we want to make a creative economy and make something that we can sell, but at the same time keeping house price high only helping a certain population that are already mostly rich anyway.
Here's another solution. Spend less and save more. I'm mortgage free, 35yo
Beats the car im sleeping in. This after over a year of working 7 daysa week with only 4days off in that period of time til i was let go
Well, that proves it doesn't pay to risk your health for a company that will fire you at the drop of a hat. You looked desperate and needy. Not a good combination. You also gave more room for error and critique by being around so much.
@@DJRenee lol well actually I have anxiety and depression so working daily was therapeutic and the escapism actually did wonders for me that my employer understood but his business suffered to the point he had to run things himself on the ground. Regardless the only point I was hoping to communicate is just how ridiculous living in (in my case) Australia, Melbourne has become, even when you have a comparatively high wage. So tip to you Suzie, never act as if u have any idea what you are talking about when you literally know nothing about a situation, just gives u a bad look nothing more. Cheers
Hope You will get well, start over, fight for your dreams and enjoy your life! Life is precious!! Many blessings to You!🙏
Looks like I'm downgrading my dream to a caravan.
Love to get on the housing ladder then payout each month to social housing and not able to owe my own house due to lack of funds or have money saved?
Houses are a lot bigger than they ever were in the distant past. People's expectations are a lot higher so houses are not basic like they once were. It's not just land value that's driving house prices up.
No kidding. My mom and dad raised seven kids in a 1200 sq foot house with one bathroom. Some how we all survived and thrived. Now you have a couple with no kids living in 3000 to 5000 sq foot homes. Just feel fortunate that my husband and I broke into the market in 1999. Prices have gone nuts since then.
What? 208K Aussy Dollars for this house? That's about 200K in USA. Well, with that money in Atlanta you will have a mansion.
But we're not in Atlanta Toto.
70,000 may as be a million for most.
That's a small house? It's even bigger than the tinyhouses I mean townhouses here in Melbourne. !
That's actually still a lot of money. In my country you can build at least two houses with that
3 at least lol in mine
But most in Australia earn $80k + a year. It’s all relevant to income and product prices.
Affordable housing is always in the future never now never in my country
Land banking by developers is the no 1 reason for high prices in AUSTRALIA.
I am interested in how they arranged the finance for the duplex? Anyone know how this would have been done? One of the sisters was the main borrower I suppose?
It's one building on one title so it wouldnt been much different to a couple getting finance
... and it did not hurt that he was an architect. Because architects and their plans do not come cheap at all.
it is cheaper to buy where no one else wants to live?
Yes. Way cheaper but we don't have the most efficient public transport system. If you want to love to bendigo it's 40 bucks a day to get the train, that's 200ish a week. Might as well live in the city. If we invested more in transport more people would move out of the city and there would be less congestion and housing prices would be more balanced.
@DX2000X 100 percent agreed. It will likely never happen.
I have built many portable houses, rooms out of sandwich panel, fast and easier than normal construction
Want affordable houses? Demand that property taxes be dramatically reduced. I own several rental properties and my biggest expense ... by far? Taxes.
@@alegriart I don't write checks for rates. I mean dollars, and specifically the cost of property taxes. Income taxes are costly too, but I am not talking about those because they apply to income from any and all sources.
No-one seems to have heard of kit homes. Even if you can get the house, you still need somewhere to put it.
And somewhere to put it is the real killer. In western Vic (and I assume, the rest of the country) the only affordable land is too small to get a planning permit to build on. There are plenty of parcels that are 1-10 acres, but council zoning laws will not allow a residence on less than 20 hectares on land zoned "Farming". The justification is double-speak. They want people living in the area to build the local economy, but seem to believe that to farm the land you have to be a mega-corp (who, ironically buy farms but bulldoze the residence).
As a single mum with chronic health problems, I could make 5-10 acres produce enough to run a small business, selling at farmers markets or to local cafes, but I couldn't run a large factory farm. It might even be enough to no longer need the insecurity of centrelink. One son could set up a sound production studio when he finishes his studies, bringing more income into the district.
But NO, we can't be having with that sort of thing.
How is 208k cheap? No
Well - the Tassie dude built a house for 208k in some remote area. No offense but save a bit more if you were an architect instead of working unskilled job and get a normal house for 300-400k. In Melbourne’s suburbs you can get a home for 500k (difficult but yes possible) It’s a catch 22 of tiny houses- you like them, you build them and you are stuck with them because nobody wants to buy such thing second hand.
I bought a tiny cob house in East Europe mountains for 7k USD
Taxes run me 11 Euro a year.
That's good enough for me
$100,000 that's not affordable
Once U remove luxury from the equation housing magically gets cheaper.
tiny mobile houses? land is the problem not building cheaply!
Australia should be building more multi-family housing. they are sooo good in loads of ways.
In Australia, best way is free housing commission in new high rise complex. They dont pay anything for it and get it for life. According to one builder contact all new high rises must be 30% allocated for housing commission...its a government secret they dont want out...
The only reason they say wages haven't kept up is to get you on side, to look sympathetic. If you think for more than 1 second you realise if wages go up so does the property price duh!
The issue here is that banks doesn’t want to lend to new Businesses since it’s risky for them, so they give out loans to properties. Then if you have money and want to stay in the game you have to chase the market to beat inflation like everyone else by putting money on properties. So study the German model I’d say in terms of regulations. Their houses are affordable and great quality.
Building a house is easy and cheap, the land is another matter altogether.
I can see building standards are rubbish in Australia, I'm British and our building regs are much higher for new houses!
Shelter and water are higher priorities than food. Make developers provide 10% of their new housing for affordable and social housing. The idea that government needs to provide the land is laughable while developers make extortionate profits from housing. The rise in AirB&B properties are clearly a factor in the housing shortage around the world. Finland and Singapore are making good progress towards ending homelessness. The solutions mean a reduction in profits which is why politicians don't want to tackle the issue that might affect their mates.
easy... take away negative gearing and tax more on people who owns more than 1 house. that will eliminate all parasitic landlords
You spoke of 70,000 USD as it really cheap not knowing that's 11M in Kenya. What do you take us for?
That is not cheap at all. 200K.
If real estate developers and the government really wanted to help the people and the economy, the government would tell the real estate developers that they can no longer sell their homes, their rentals, their apartments or their condos unless they're no longer in business to support the residents but they can continue to build more if they're able to manage the upkeep of their current properties. This would keep the banks and people who are only interested in an investment for a return to stay away and allow the true developers to expand and house the people in need. It would also help to keep prices low and manageable for the developers tenants without the fear of banks or greedy investors raising the price for personal gain. Is this socialism or common sense that should be practiced in any form of governing for the people and by the people? If the government or developers had any morals than this would be standard practice.
A 99 year lease? That's just asking for trouble
You can buy two shop containers, without certificated, you can build a house
Yeah, but where do you put them? Zoning laws and utility connection demands of councils make living in them illegal in most places.
I have a 2000 sq ft house that is not a manufactured home .I paid $112,000. In Fl. Houses are out there if you look hard enough.
If we received decent returns from savings maybe mum and dad investors wouldn't be ruining the housing market