Downward pressure on housing prices by building 170,000 new homes

Unfortunately this is in Sydney and not Auckland. In Auckland we have the following:

  • The number of new sections available to be built on today is 1900 – significantly less than the 15,000 previously reported.
  • The land ready to be subdivided has a capacity of 14,500 sections, compared to the Council’s development strategy target of seven years supply of 32,550 sections.
  • The land in the pipeline for subdivision has a capacity of 54,500 sections, with the Council’s development strategy target being 20 years supply of 103,500 sections.
  • “This report shows Auckland needs double the supply of land to meet the Council’s own targets.

Len Brown and his council are performing woefully. Meanwhile in Australia Barry O’Farrell is proposing action:

The largest release of housing lots in 20 years will bring home ownership within reach for thousands of young families, the state government said.

Up to 171,000 homes will be built across 31 new and existing suburbs, alongside land for new shops, schools and transport.

The government said it would address a severe housing shortage that has locked many would-be buyers out of the market, but will not guarantee the plan will meet Sydney’s thirst for new homes.

It will also make the final decision on land to be rezoned, despite a pre-election promise that planning powers would be returned to communities. This is raising fears that plans will be rammed through without local support.

The government has promised “housing types to suit all budgets” will be built in existing suburbs and new areas at the city’s fringe. Construction will begin next year.

They will be built along new rail and light-rail links and coincide with major road projects, including the M5 west widening and WestConnex.

Premier Barry O’Farrell said the government wanted to “make home ownership a reality again”.

“The more blocks of land we can release, the greater downward pressure we can put on housing because it’s been so high for so long,” he said.

It follows warnings that a lost generation of would-be home buyers is looming, unable ever to purchase a home, unless the government acts now to save them.

So where Len Brown wants us to be living in 18 story slums in Australia they are freeing up land. The draft unitary plan projects:

  • 280,000 new homes within the current urban limit
  • 90,000 new homes in greenfield areas outside the current limit

Len Brown has also made sure his nice big section isn’t included in any intensification plans.

 

Those 280,000 supposed new homes that the unitary plan talk about are all inside the current urban limit will mostly be 4-18 story apartment blocks…coming to your neighbourhood shortly.

Tomorrow I will post a picture of what that will look like.

 


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  • Pete George

    More land available for sections is far too simplistic.

    The solution is to print more money, compete with the US, China and Europe to force down the exchange rate, make it compulsory to pay a fair living wage to everyone, whether they have a job or not, make everyone upgrade every house so it passes a warrant of fitness and not sell any asset shares.

    • sheppy

      Presumably after this the wicked witch is dead as is inflation and also long live the king?

    • johnbronkhorst

      cut and paste from labour/greens/NZ first manifesto? which has been tried and failed all over the world.

  • johnbronkhorst

    vertical slums.

    • Mr_Blobby

      Only if you allow housing NZ to buy, like they do now, and then flood the place with there feral scum.

  • Mr_Blobby

    I want 1 billion trillion new homes. Or I will destroy the World. That is all, you know what I want, goodbye.

  • Hazards001

    I saw in the Horrid yesterday print edition some of the vacuous statements made by looney Lens supporters…one was all for it so she would have closer places to shop than Sylvia Park FFS!
    The cock has the terminity to write this shit to John Key and fully supported by the left wing party the NZ Herald http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=10871656
    If I wanted to live in an Asian slum I’d have moved to Thailand years ago.

    This halfwit needs to understand that kiwi’s don’t want to live in the urban shitholes his mob of harebrained mental midgets have mapped out for us.
    The wasteful and corrupt immigration policies of Liabour have flooded Auckland with a group of non tax payers that come in cashed up under the “I can’t speak a word of English and don’t have a real qualification” scheme!

    • sheppy

      Am I the only one to notice that many of those planning this brave new intensified Auckland are recent arrivals?

      • Hazards001

        Nope, seems there is two of us!

  • Muffin

    Len brown is a cunt

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