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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As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story. When he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet. Cam Slater doesn’t do quiet and, as a result, he is a polarising, controversial but highly effective journalist who takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him, you can’t ignore him.

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