The future of Australian property prices

[farmerge]

And approve new dev in flood areas, planting more trees and preventing clearing to ensure the next catastrophic fire season..and we will blame it on climate change.....

Its all about rates, just show us the money

 

[farmerge]

Bit convoluted, there. We build on farmland, and perpetuate the sprawl because it's easier than reinventing the existing urban footprint.

fire seasons aren't necessarily catastrophic, but they come around regularly. Ditto floods.

Planting 1 tree for another (mature one) cut down reduces shade in urban areas dramatically. The outer suburbs are wastelands/ heat bubbles for decades.

We have a horrific new subdivison near midland. Trees what trees, more like shrubs to about 10foot perhaps. perhaps 6-8 houese pr acre on about 150 acres. Not urban sprawl but a ghetto of the future

 

[Belli]

Although there are price increases this couple, and a few others I assume, won't benefit from that. Quite the opposite.

Building giant tells buyers to pay hundreds of thousands extra or lose homes and deposits

Metricon, the biggest home builder in the country, has told some customers to pay painfully higher prices or risk losing their new homes and deposits in a contract nightmare affecting home owners.

www.abc.net.au

 

[Belli]

The outer suburbs are wastelands/ heat bubbles for decades.

Not only urbane areas. This is only one study. There are a myriad of others.

The CBD's are heat sinks as well.

Urban Heat Mapping

Urban Heat Mapping shows us where heat builds up across our City in hot weather.

www.charlessturt.sa.gov.au

Key findings for the City of Charles Sturt​

• The hottest suburbs were Ridleyton, Hindmarsh, Bowden, Brompton and Renown Park.
• The coolest areas were near West Lakes, around the golf courses in Grange and Seaton, and along the coast.
• 20.1% (20,908 residents) of Charles Sturt residents live within a daytime heat island, which was the highest proportion compared with Port Adelaide Enfield (17.2%) and West Torrens (5.6%). The most severe of these urban heat islands are in Brompton, Hindmarsh, Albert Park and Hendon.
• Tree lined streets were at least 8°C cooler than nearby streets with fewer or no trees.
• Green infrastructure (trees, grass, open space) provided cooling benefits compared with infrastructure like roads, footpaths and buildings.
• Water Sensitive Urban Design (WSUD) including rain gardens have a localised cooling effect.
• Artificial turf measured 8.1°C warmer than the average surface temperature across the region.
• Rubber softfall commonly used in playgrounds had a surface temperature of 52°C.

 

[farmerge]

Not only urbane areas. This is only one study. There are a myriad of others.

The CBD's are heat sinks as well.

Urban Heat Mapping

Urban Heat Mapping shows us where heat builds up across our City in hot weather.

www.charlessturt.sa.gov.au

Key findings for the City of Charles Sturt​

• The hottest suburbs were Ridleyton, Hindmarsh, Bowden, Brompton and Renown Park.
• The coolest areas were near West Lakes, around the golf courses in Grange and Seaton, and along the coast.
• 20.1% (20,908 residents) of Charles Sturt residents live within a daytime heat island, which was the highest proportion compared with Port Adelaide Enfield (17.2%) and West Torrens (5.6%). The most severe of these urban heat islands are in Brompton, Hindmarsh, Albert Park and Hendon.
• Tree lined streets were at least 8°C cooler than nearby streets with fewer or no trees.
• Green infrastructure (trees, grass, open space) provided cooling benefits compared with infrastructure like roads, footpaths and buildings.
• Water Sensitive Urban Design (WSUD) including rain gardens have a localised cooling effect.
• Artificial turf measured 8.1°C warmer than the average surface temperature across the region.
• Rubber softfall commonly used in playgrounds had a surface temperature of 52°C.

I would have thought that this information would have been common sense. But then again just perhaps ol'mate Common Sense is taking a break from those that apparently don't know too much !!!!!

 

[Knobby22]

I would have thought that this information would have been common sense. But then again just perhaps ol'mate Common Sense is taking a break from those that apparently don't know too much !!!!!

Common sense and common knowledge. These new developments with the houses up against each other on tiny blocks with little streetscape design other than a tiny nature strip if you are lucky are creating awful micro environments.

Need a better way.

 

[Belli]

Although there are price increases this couple, and a few others I assume, won't benefit from that. Quite the opposite.

Building giant tells buyers to pay hundreds of thousands extra or lose homes and deposits

Metricon, the biggest home builder in the country, has told some customers to pay painfully higher prices or risk losing their new homes and deposits in a contract nightmare affecting home owners.

www.abc.net.au

The plot thickens.

Investigation launched into Australia's top home builder Metricon, as more complaints emerge

More than 60 complaints have been lodged with NSW Fair Trading since March, with Metricon listed on the regulator's complaints register for the last four consecutive months.

www.abc.net.au

 

[Belli]

Common sense and common knowledge. These new developments with the houses up against each other on tiny blocks with little streetscape design other than a tiny nature strip if you are lucky are creating awful micro environments.

Need a better way.

I moved to Canberra in the mid-1980's. I didn't travel via the Hume Freeway, then known as a Highway, but drove along the Cann Valley. When I arrived in Canberra I was greeted by a cloud of dust from the development of the newly created suburbs of Isabella Plains/Theodore. For many years they were a bleak dust bowl. Today, however, they are leafy areas with larger trees providing shade along the streets and for homes.

In my opinion, the same cannot be said for suburbs such as Franklin which is rows and rows of apartments or Wright where landscaping consists of a big rock in a tiny yard and little to no shade trees as there isn't any room for anything else. On hot days I think they'll cook outside so probably remain indoors with the air-con running.

 

[farmerge]

The plot thickens.

Investigation launched into Australia's top home builder Metricon, as more complaints emerge

More than 60 complaints have been lodged with NSW Fair Trading since March, with Metricon listed on the regulator's complaints register for the last four consecutive months.

www.abc.net.au

No doubt the owners of these building companies will not be forced to move into Struggle Street.
Their mansions, cars and boats etc will be very carefully taken care of in the form of a trust etc.

 

[Belli]

Here you are @Knobby22. I've no idea if the article is grandstanding by the council or click bait. Read with that in mind I guess but typical reaction from developers (why are they called that when they actually do the opposite?)

Eastern suburbs council brings in tree cover quota to stop overdevelopment

McMansions will be harder to build in Sydney’s richest suburbs now that property owners are forced to scale back building plans to provide room for more trees.

www.smh.com.au

 

[Dona Ferentes]

Another (mini) ghetto in the making? Block sizes look miniscule, c/f earlier estates, whereas the half a mill price isn't. No idea where... 3 hrs from (outskirts of) Sydney

 

[Dona Ferentes]

I moved to Canberra in the mid-1980's. I didn't travel via the Hume Freeway, then known as a Highway, but drove along the Cann Valley. When I arrived in Canberra I was greeted by a cloud of dust from the development of the newly created suburbs of Isabella Plains/Theodore. For many years they were a bleak dust bowl. Today, however, they are leafy areas with larger trees providing shade along the streets and for homes.

In my opinion, the same cannot be said for suburbs such as Franklin which is rows and rows of apartments or Wright where landscaping consists of a big rock in a tiny yard and little to no shade trees as there isn't any room for anything else..

Having a similar exposure to Canberra... and explored the suburbs then. I remember going down Melrose Drive and over the ridge to the Valley... "nappy valley" was the pejorative, then. A sea of roofs and soon to be invaded sheep stations. Thirty + years later and it is a bowl of green as the treelines are above the one level homes on quarter acre blocks.

The ACT region was known as the Limestone Plains . Trees struggled and only introduction of reticulated water saw gardens and trees take hold. A hundred years ago, the original planners did major investigations as to what would grow. I remember the old arboretum, burnt in 2003 fires.

Luckily, I stayed Inner South/ Inner North, suburbs that were established in the '60s and '70s. These suburbs have turning circles for buses at the (then) edges of the built environment. Now the streets are shaded, possibly showing some age stress even, as the trees are fully mature.

The demographic change I've noted is that the first generation is nearly all gone, but now there's rejuvenation with new families moving in. Almost uniformly, these have been lucky winners ... used the "first home buyers" grant to buy in the far suburbs (say for 300k) a decade ago, and then gained equity as those places rose to 6-700k. And now, stuff the commute, let's trade up to inner suburbs.

 

[TimeISmoney]

If youse want to have a laugh and cry at how bad the building industry currently is get a load of this guy's page. It shows you how they continually get away with shonky building and the govt basically does nothing.

https://www.youtube.com/@Siteinspections

 

[Warr87]

The plot thickens.

Investigation launched into Australia's top home builder Metricon, as more complaints emerge

More than 60 complaints have been lodged with NSW Fair Trading since March, with Metricon listed on the regulator's complaints register for the last four consecutive months.

www.abc.net.au

Deposits back only with NDAs ... sounds legit. I'm surprised that its enforceable tbh.

 

[Knobby22]

Here you are @Knobby22. I've no idea if the article is grandstanding by the council or click bait. Read with that in mind I guess but typical reaction from developers (why are they called that when they actually do the opposite?)

Eastern suburbs council brings in tree cover quota to stop overdevelopment

McMansions will be harder to build in Sydney’s richest suburbs now that property owners are forced to scale back building plans to provide room for more trees.

www.smh.com.au

I know some councils are trying to do the same thing in Melbourne.
Going up against powerful vested interests with money though.

 

[Warr87]

If youse want to have a laugh and cry at how bad the building industry currently is get a load of this guy's page. It shows you how they continually get away with shonky building and the govt basically does nothing.

https://www.youtube.com/@Siteinspections

Just finished watching one of those episodes .... crazy. Definitely makes me rethink even the slightest notion of building a new house lol.

 

[martaart077]

If youse want to have a laugh and cry at how bad the building industry currently is get a load of this guy's page. It shows you how they continually get away with shonky building and the govt basically does nothing.

https://www.youtube.com/@Siteinspections

Thanks for the link. Very informative.
I did owner builder in SA. Get a superior build that way. Unfortunately the hoops you have to jump through means that in reality, it is near on impossible to do these days to owner build.

 

[greggles]

Another (mini) ghetto in the making? Block sizes look miniscule, c/f earlier estates, whereas the half a mill price isn't. No idea where... 3 hrs from (outskirts of) Sydney

View attachment 160247

I went to visit the website for this particular residential development and the average lot size is 500m2, which is small but not as small as the 350m2 lots that are standard in a lot of areas now. The house takes up almost all of the land and there is no room for kids to play. Easier to maintain for sure but very cramped with a sardines in a can vibe.

Large blocks, especially acreage, within commuting distance from the CDB of any capital city will eventually explode in value as they become rarer and more desirable.

 

[farmerge]

I went to visit the website for this particular residential development and the average lot size is 500m2, which is small but not as small as the 350m2 lots that are standard in a lot of areas now. The house takes up almost all of the land and there is no room for kids to play. Easier to maintain for sure but very cramped with a sardines in a can vibe.

Large blocks, especially acreage, within commuting distance from the CDB of any capital city will eventually explode in value as they become rarer and more desirable.

Have noticed in our area acres are starting move into serious money. We are only 45k from Perth

 

[greggles]

Have noticed in our area acres are starting move into serious money. We are only 45k from Perth

Acreage in my area has been doing very well. I'm a big believer that the value is in the land. All houses have a limited lifespan. The land will always be there. Just buy in the right locations.