The Housing Crisis

[rev]

There are 206 hectares of land at Blakeview which were "released for development" in 2011 to "...help to meet continued demand for residential allotments in the outer northern area and also assist with housing affordability by establishing a ready allotment supply." (quote from Infrastructure Minister Patrick Conlon). The Location SA viewer Residential Broadhectare 2024 layer shows this land is owned by Renewal SA. It is adjacent to existing housing estates including Blakes Crossing that has streets ending at a fence to stop people driving into the paddock. Several have cul-de-sac turning space past the end of the kerbs, jutting in to the paddock.

A crop is planted and harvested every year, so presumably this is not unused land by Robert Sims' definition. It's producing income for Renewal SA as sharefarmer/landowner.

The land had a "masterplan" (I can't find it online any more). Creek drainage under Main North Road was upgraded around 2017. There's a water supply pipe through the middle. A new Electranet substation was installed nearby in 2015 with room for expansion. I'm not sure about sewerage.

I feel like the Housing Crisis has been manufactured by government over the last couple of decades.

• https://www.realestatesource.com.au/sou ... ment-site/
• https://www.abc.net.au/news/2011-10-06/ ... nd/3317666
• https://esdnews.com.au/munno-para-subst ... er-future/

I think you've mentioned this land before if I'm not mistaken.

I'm with you on it being manufactured, whether the results we're seeing now was the intended result I doubt.
Whose profited? Governments, banks and big developers. Greed.

[SBD]

There are 206 hectares of land at Blakeview which were "released for development" in 2011 to "...help to meet continued demand for residential allotments in the outer northern area and also assist with housing affordability by establishing a ready allotment supply." (quote from Infrastructure Minister Patrick Conlon). The Location SA viewer Residential Broadhectare 2024 layer shows this land is owned by Renewal SA. It is adjacent to existing housing estates including Blakes Crossing that has streets ending at a fence to stop people driving into the paddock. Several have cul-de-sac turning space past the end of the kerbs, jutting in to the paddock.

A crop is planted and harvested every year, so presumably this is not unused land by Robert Sims' definition. It's producing income for Renewal SA as sharefarmer/landowner.

The land had a "masterplan" (I can't find it online any more). Creek drainage under Main North Road was upgraded around 2017. There's a water supply pipe through the middle. A new Electranet substation was installed nearby in 2015 with room for expansion. I'm not sure about sewerage.

I feel like the Housing Crisis has been manufactured by government over the last couple of decades.

• https://www.realestatesource.com.au/sou ... ment-site/
• https://www.abc.net.au/news/2011-10-06/ ... nd/3317666
• https://esdnews.com.au/munno-para-subst ... er-future/

I think you've mentioned this land before if I'm not mistaken.

I'm with you on it being manufactured, whether the results we're seeing now was the intended result I doubt.
Whose profited? Governments, banks and big developers. Greed.

I have mentioned it before. The master plan included a large retirement village I might choose to move to if or when it becomes worthwhile to move out of this house. I lived in our first urban sprawl on the fringe of suburbia for about 20 years, and have been in this one for about 12.

Maybe I’m a hypocrite because I’ve built twice in housing estates on former farmland, but I also live close to where I worked (20ish minutes by car)

[Bobski]

How's this for a dystopian headline:

Translation: the Have-Nots had better remember their place and not get any ideas about joining the Haves

Australian property prices are set to jump even higher in the coming year, which is more bad news for first-home hopefuls.

But higher prices will help sellers boost profits from the sale of properties, as they capitalise on the current interest rate-cutting cycle.

Oh and house prices are tipped to rise more in the next 12 months than the average annual full-time wage

The median house price in Sydney is forecast to jump by another 7 per cent in 2025-26, to a staggering $1.83 million by June 2026.

It means the typical house price in Sydney will rise by $112,000, which is more than the average full-time worker earns before tax ($103,000).

Meanwhile, Cotality has released its latest Pain & Gain report, which views properties from the perspective of people who are interested in making a "profit."

It analysed 86,000 resales in the March quarter and found 94.9 per cent of property resales "delivered a profit" for the sellers, with a median nominal gain of $305,000.

This is so far beyond being a crisis, we need a new word for it.

Source

[rev]

How about several words for it?

As in, "We're completely f'd"

This isn't only going to affect those who don't have a house today, or future generations.
It's going to affect those with a house now.
Want to sell? Are you sure you can sell for enough to cover the cost of a new house given how much and how often prices are rising?

It will get to the point where people will realise they are better off staying put where they are.

With hundreds of thousands still coming (apparently we've already hit 400,000 new arrivals this year..there goes Labors "promise" to cut migration numbers, how could they when they signed an open border policy with India lol)...supply will continue to be more and more limited, it will continue to drive prices up. Throw in high interest rates and many people are well and truly stuffed.

[rubberman]

While the housing situation looks bleak, it need not have been so. There are three obvious areas where housing could have been made affordable and the present crisis not be a crisis at all.

Nothing theoretical. No hindsight. Simple.

In 1997 our own SA Nick Xenophon campaigned on gambling. We lose $24bn per year in Australia. If we had stopped gambling when Mr X suggested it, we'd now have accumulated $1.2trn. That's $1.2TRILLION we've wasted. That's 2.4 million houses at a construction cost of $500000 each (assuming the government makes land available for free). That's five million people housed, and with so many extra houses, prices would crash.

Mr X told us this 28 years ago.

That's just one initiative.

Now, what about reforming construction costs? Things are out of control. Everything from Inland Rail, Snowy Mk2, to tram extensions, to council median strips cost way more than they should. Even a 10% improvement would net the same amount as stopping gambling. That's another 5 million people housed.

Then, how about taxing international companies paying no tax? Even if we only got an extra million houses out of it over the last 28 years we wouldn't have the present crisis.

That's 12 million people extra we could house over 28 years with no extra taxes. Just economic efficiency.

And we could do it now.