The housing density debate - will building more apartments make property cheaper? | 7.30
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- čas přidán 12. 02. 2020
- In part 4 of our housing special, we talk to some of the people and businesses that are thinking differently about Australia's housing affordability crisis. And look at why there are growing calls to build more units and apartment blocks in our cities and suburbs.
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"...I have worked quite hard in my life..." why does it always feel like they assume others that came after them didn't?
and yet he is making it harder for himself.
Home prices aren't unaffordable.
Home prices in areas where people would prefer to live are unaffordable.
Our greed for housing will inevitably be our national downfall.
Fascinating how the human necessity of shelter has turned into a commodity that our country's economy relies so heavily on.
When it all comes down I am gonna enjoy watching all the shows on how people are bankrupt
its all happening now!
Well, no wonder we have a mental health problem in this country. Some of these apartments look like soviet blocks. Who can live in them and be somewhat happy.
Many different people can.
They will be slums in 10-15 years
3 bedroom $850 a week. thats 44k a year to just rent some shoe box apartment. Built to rent lol. more like built to keep you poor
Built to extract rent for as long as possible.
100% - meanwhile average wage is barely above that and that’s if there’s any work! 😁
I laughed when they said that number too
Other countries built to rent model are mostly community housing. Which is a lot cheaper than market price 💁
Stupidity knows no bounds...$300k mortgage in retirement at 72 then instead of moving & living mortgage free he took a reverse mortgage out 🤦♂️
One Eleven but he worked hard remember 🙄 ..... like we don’t work hard
This country is full of dumb people who have allowed bankers to construct them their own little prisons.
@@sarah3796 Thankyou. This demographic make the comment frequently I think.
No concept of the wage / living costs reality for a large number of working people today, irrespective of age.
Its time for a property crash to reset the cycle of standard living, jobs, investments and good old fashioned hard working and savings as it's no longer beneficial to save up for property let alone a brand new car.
After the property crash we need to build two new cities with airports located between sydney/Brisbane and sydney/Melbourne along the east coasts of Australia be new job hubs replacing sydney and Melbourne. It's the only way this is gonna fix things and control population growth.
N .A I dream of the day it all comes crashing down and I sit back smiling watching the tv shows about where it all went wrong.
I came to Australia almost 40 years ago. The idea of living in Sydney and to a lesser extent Melbourne was crazy even back then, so we headed west as soon as possible. Now we are retired, own our own brilliant home and easily live on the state pension, plus some supper. People who come to Australia and decide to live in Sydney or Melbourne are doing themselves no favors.
This comment absolutely deserves the "OK Boomer" treatment.
The proletariats do not deserve to live in a major Australian city, because you are broke you are less than an Australian and they, those proletariats definitely can not mix with the bourgeoisie classes. Those filthy working-class people.
mmmm supper :)
Coming from New Zealand where occasionally we have serious earthquakes, the thought of living in a highrise building scares me. While the first couple were being interviewed, there was a lot of echo. I imagine there is sound transferance between apartments. Who can afford $500 per week as a single person?
It’s simple!
Home owners have too much power to stop new developments which put downward pressure on rental and housing prices.
House should only be for living.
It is NOT for investing.
This "build to rent" system does exist in places like Continental Europe, I lived in one in Frankfurt, however, unlike Australia, renters in places like Germany are protected by a renters union that stops the building owner putting up the rent for no good reason when nothing new has been added to the area or the building.. Here in Australia, what will end up happening is almost everyone will be in one of these "build to rent" places, and they will be at the utter mercy of the complete capitalistic greed of the company who owns the building..
It's changing now especially in Berlin.
@@alexoh9671 Maybe companies in Germany are finally building apartments where the sink and kitchen cupboards are bolted to the walls and stupid cold-war era boomers stop taking it with them when they leave the flat..
The problem with density aside from the obvious, is lack of infrastructure to support it... Roads, shops, jobs etc. There is son many vabant apartments in Melbourne and also fa tories but they keep building more....
The thought of renting and being retired in Australia terrifies me
Asian Street Scenes I’m already planning to retire overseas, I wouldn’t trust the government or some super fund to help me at that age.
@@6axisptyltd453 I agree I live in Thailand and I'm determined to stay here or anywhere SE Asia
I lived in Malaysia for a year, I ended up spending $12k all year including rent, healthy food, massages, high speed internet, car costs etc etc... in Sydney we need a minimum triple that just to keep a roof over our heads 😳.
@@6axisptyltd453 I live in rural Thailand grow most of our vegetables and live in an old farm house, just electricity & internet bill, good for you for looking for alternatives. I here Malaysia is great and Cambodia is worth a look
Asian Street Scenes yes I’ve been to Thailand, it’s nice, the climate I think is better than Malaysia’s and the food! 🤤😁 I’m going to visit Turkey before I decide on Asia. At least there I can buy cheap real estate.
Its revolting how obscenely rich people like Chris can claim a pension. They then vote for more immigration to pay for their pension then whine that its getting crowded.
Good to see the abc doing their bit for the developers.
No kidding...
One thing that I think most people don’t take into account is that when housing become unaffordable young people will be living with their parents for longer and might not start families until very late or not at all. Demographics will be the demise of many developed nations.
Opal & Mascot...
Those were my first thoughts too. Current faulty buildings need to be sorted first.
Deloitte access talking about the environment , is nothing more than a selling point , they also support the idea of having 50 million people in Australia , not because we have the resources or the infrastructure to support it , and not that they(corporate interests) wish to pay more taxes to make it happen . They are only about capital grow of wealthy investor people like themselves , that an organization that has vested interests get a voice on they ABC diminishes it's value to ordinary working Australians .
Australian a has plenty of land. Why not build more apartments and bring prices down to something manageble..like 200-300k most.
If australia has plenty of land, why build apartments, go find some water and get yourself a yard.
Have high credit standards and this bubble will pop
Not while overseas investors ( and hostile regimes with trillions of off balance sheet funds ) can buy all the new housing stock. And not while we have such an extreme rate of immigration.
Big Aunty. As my dear old grandma said, "If you've got your health - you've got your wealth" which the guests totally ignored ! The conclusion at the end of Part Four in this series is correct, future generational home ownership Downunder will come down to what your parents pass on ? V.
I seem to remember the English practise of buying 99 year leasehold properties, and returning them to the trustees of said properties
ABC-NEWS In-depth - Why do you REFUSE to have CCs on the videos you post?
Surely they can get an intern to caption the youtube videos!
@@sharnistevens1428 Thanks for your comment.
You can cc on utube.....play around with the settings and scroll until you find it....
@@helenhood69 Thanks very much for your reply ............. I have tried getting Closed Captions for Hearing Impaired people for hours at times (when the downloader refuses to add Closed Captions to it), with NO luck
I'll have a play and see what I find and I'll tell you....
Drastically cutting immigration is neccesary for housing to catch up.
Could still chose some refugees.
We need to reduce landlord opportunities for exploitation not increase the numbers of landlord properties. High density housing is fine but let those who live there have some ownership and voice in this housing as they are giving irreplaceable time energy and working wages every month ! Why not plan and create a structure that prioritizes protects and encourages co-ownership policies? We need to encourage ownership for locals not foreign speculators and investors. When there are homeless people present we need to make changes fast because our current policy puts our own people at the mercy of greedy already wealthy landlords. let the person who lives in the building have some ownership as his wages are taken up every month. We need buyers not renters. Our leaders need to stop catering to capitalistic greedy parasites that want to suck up working wages of the people while they do nothing except have an advantage of ownership.
The answer is no, becuase people keep buying housing as investment properties.
Corruption that’s what it is ....
Number one problem, councils restrictions on developing new properties. They do so as to protect their own investments and interest in property. We should have had a property crash by now to bring it back to more affordable levels ie 3-6x times income.
The only way to subdivide or do a development now is putting cash in the back pocket of council members, and I know first hand of a developer who said he has a cayman island accounts for a variety of council members in SE QLD to get developement projects through.
They use immigration and building approvals as two taps they can turn to manipulate the dwelling price. They need the demand to fuel their own interest.
That’s so sad, I’d hate to be at that age and still have a cursed mortgage. As it is the banksters stole his super 🤦🏻♂️. Move out west! It’s better anyway 🤷🏻♂️
Houses are much cheaper in Asia. Go back.
Growing up on the Australian dream of 700-1000 meter block did nothing for nature. Nature requires fully grown mature trees. Small house blocks of 400 meters offers the same diversity, provided the government enforces developers to provide large area of natural bushland , this allows for true diversity as trees can reach their full height of 60 plus meters and become homes for native animals when termites hollow them out. These ares become bush walking and mountain bike areas. Hi rise apartments work provided the same natural reserves are put in place.
Can you make a playing fortnite again enjoyed it :)
What a shock. Doing something most of the world does.most of the world doesn’t live in houses
thank-you chinese money laundering
If we don’t build up, prices will increase even further and percentage of renters will increase more. We need immigration for the economy and we need immigration to produce jobs... so either you build up or expect everyone will all be renters in the future. You can’t stop negative gearing or change capital gains tax schemes... the government is not doing enough planning. Look at what the rest of the world is going and take the best out of them.
I'm curious.. What is the rest of the world doing?
@Justin Justin is right - Australia has limited water, for example. Much of the country has spent the past year/years on water restrictions. I realise that some parts have had rainfall in the last week - but much of the country is susceptible to drought. The country cannot sustain these mega populations that Asian countries have. And most Australians NEVER wanted their country to be another Asian country - we were proud that we are different. Politicians are short-sighted and only worried about their 3 year terms. No long term vision in the Libs, Labour or Greens. Ironically the Greens are meant to be protecting the environment, but they're all for high migration and having more people live a first-world carbon rich, high polluting lifestyle. I'll never vote Greens for this reason. Only when the country is running on solar (and no coal!), when desalinisation plants are cheap to run, and when everybody can telecommute to work, only then would I support a higher population.
You are a part of this country's problem. I'd say you benefit from the construction industry or migration in some way, oh, and that you are probably rich enough that you still have low density in your particular suburb with actual white Australians.
Under that model wages stay flat housing prices rise debt burdon increase cost of living increases till.
A: renters cant pay for over priced houses.
Cost of living swollows free income and spending is cut leading to job losses and unempoyment causes ressesion.
Things can not continue as they have... simple.
We are already close to the peak saturation of individual debt, we have no infrastructure to support a growing future. We have record high underemployment statistics. No savings.
You can't base an entire economy on selling houses, we have no innovation anymore, we have no manufacturing, we sell our dirt just to buy it back at 5x the price.