Showing posts with label land. Show all posts
Showing posts with label land. Show all posts

Friday, May 13, 2011

The Poor Have to Live With High Rents

The poor in Australia are doing it tough. While the economy is booming the price of housing has continued to rise. Despite the recent levelling off, further increases are forecast. With the higher valuation come higher monthly mortgage repayments and rental payments must keep up with this. Only one per cent of low income earners can afford to pay such rents. If you are on welfare and cannot get public accommodation forget it - you have to live on the street, unless you live with relatives and friends who can put a roof over yours head.

The real problem is not the cost of actually building a house. Modular housing can be purchased, but people who have new houses put up do not chose such basic designs. Rental housing is largely designed for the wrong people. Unless government takes the lead and actually builds modular housing for the poor the situation will stay the same. Costs involved in getting land ready for construction is the real problem. Land levelling and servicing is very expensive. Councils are the main reason for this. There is no competition is regard to charges. A builder must pay fees to councils at council set rates.

Without established affordable housing it is virtually impossible for a person to contribute to society by holding down a job. Even when learning job skills rents are very high for accommodation near educational institutions. User certainly pays in this regard. Low income earners are also competing with each other to get the cheapest third of advertised rentals. Plenty of houses are available in rural areas of course. Living off welfare payment is almost mandatory there because there is no work. By definition where there is work rents are high.
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Society

The Poor Have to Live With High Rents

The poor in Australia are doing it tough. While the economy is booming the price of housing has continued to rise. Despite the recent levelling off, further increases are forecast. With the higher valuation come higher monthly mortgage repayments and rental payments must keep up with this. Only one per cent of low income earners can afford to pay such rents. If you are on welfare and cannot get public accommodation forget it - you have to live on the street, unless you live with relatives and friends who can put a roof over yours head.

The real problem is not the cost of actually building a house. Modular housing can be purchased, but people who have new houses put up do not chose such basic designs. Rental housing is largely designed for the wrong people. Unless government takes the lead and actually builds modular housing for the poor the situation will stay the same. Costs involved in getting land ready for construction is the real problem. Land levelling and servicing is very expensive. Councils are the main reason for this. There is no competition is regard to charges. A builder must pay fees to councils at council set rates.

Without established affordable housing it is virtually impossible for a person to contribute to society by holding down a job. Even when learning job skills rents are very high for accommodation near educational institutions. User certainly pays in this regard. Low income earners are also competing with each other to get the cheapest third of advertised rentals. Plenty of houses are available in rural areas of course. Living off welfare payment is almost mandatory there because there is no work. By definition where there is work rents are high.
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Society

Saturday, May 29, 2010

Australian House Prices Will Remain High

An IMF spokesman has a crystal ball and says house prices will crash in Australia. Me-thinks he is completely wrong. He says this will happen because houses in Australia are overvalued in relation to income with a large gap between rent and house values.

ANZ representative Paul Braddick says that low rents to average mortgage repayments is not an indication that property is overvalued. House price to income is also not a good guide to what house prices should be. Australians are still buying despite interest rate rises, but interest is still quite low. Obviously people feel their income can cover the cost. Prices are high in Australia due to one very important factor - property is in short supply. Nothing can be done in the short term to correct this. Indeed, tradesmen are holding buyers to ransom making them wait and pushing up labor charges. These factors also increase price.

The availability of land close to centers of employment is tight and supply is virtually fixed. The government is looking to free up land. Not much is out there though. IMF specialists have got it wrong in predicting a slump in Australian house prices. That's a certainty.
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Australian House Prices Will Remain High

An IMF spokesman has a crystal ball and says house prices will crash in Australia. Me-thinks he is completely wrong. He says this will happen because houses in Australia are overvalued in relation to income with a large gap between rent and house values.

ANZ representative Paul Braddick says that low rents to average mortgage repayments is not an indication that property is overvalued. House price to income is also not a good guide to what house prices should be. Australians are still buying despite interest rate rises, but interest is still quite low. Obviously people feel their income can cover the cost. Prices are high in Australia due to one very important factor - property is in short supply. Nothing can be done in the short term to correct this. Indeed, tradesmen are holding buyers to ransom making them wait and pushing up labor charges. These factors also increase price.

The availability of land close to centers of employment is tight and supply is virtually fixed. The government is looking to free up land. Not much is out there though. IMF specialists have got it wrong in predicting a slump in Australian house prices. That's a certainty.
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Monday, May 17, 2010

European Names Were Not Forced on Aboriginals

Aboriginals are barking up the wrong tree. Saying that White invaders forced name tags on them is a bit rich. Aboriginals gladly accepted European style names. An Australian who is 80 percent white taking an Aboriginal name is ridiculous, considering many do not speak any native tongue. They cannot opt out of registration of births. It is against the law.

Another thing is Aboriginals calling themselves a group of nations like the nation tribes of North America. Native Australians were spread across the land in very small tribes. They had no concept of federated nations. Communication only existed between neighboring tribes.

Too much has been made of the Mabo decision. This was based on tribal land rights over a piece of land that Aboriginals had always occupied. It does not apply to Aboriginals living in cities. The Mabo finding cannot apply to people who are more European than Aboriginal. Native Britons were invaded by foreigners with Celtic blood being diluted by inter-socialization. The same has occurred to Aboriginals. Virtually no full-blood Aboriginals exist today.
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European Names Were Not Forced on Aboriginals

Aboriginals are barking up the wrong tree. Saying that White invaders forced name tags on them is a bit rich. Aboriginals gladly accepted European style names. An Australian who is 80 percent white taking an Aboriginal name is ridiculous, considering many do not speak any native tongue. They cannot opt out of registration of births. It is against the law.

Another thing is Aboriginals calling themselves a group of nations like the nation tribes of North America. Native Australians were spread across the land in very small tribes. They had no concept of federated nations. Communication only existed between neighboring tribes.

Too much has been made of the Mabo decision. This was based on tribal land rights over a piece of land that Aboriginals had always occupied. It does not apply to Aboriginals living in cities. The Mabo finding cannot apply to people who are more European than Aboriginal. Native Britons were invaded by foreigners with Celtic blood being diluted by inter-socialization. The same has occurred to Aboriginals. Virtually no full-blood Aboriginals exist today.
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Sunday, March 14, 2010

State Government to Force People to Sell Their Land to Developers

State Government is to help developers buy land. The New South Wales government is bringing in legislation which will establish a state body to compulsorily purchase land then on sale it at a special price to land developers - and you can bet that price will be low, below the going rate I should imagine.

What would be the purpose of setting up something that forces people to part with their land if it wasn't to help developers get that land? The state government gives the excuse of the renewal of Sydney. This of course is to hide the real reason from voters.

"The key is we do need to ensure that land holders are fully compensated." Yeah, sure. For landholders to be "fully compensated" let developers offer them the going rate for land.

Thankfully, the conservative opposition has seen the scam and is protesting. One would expect such a policy to be from a conservative government, but this is a Labor government. Relieving the land shortage by making some land cheap is not the answer. Developers will soon up the price when they on sale it.
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State Government to Force People to Sell Their Land to Developers

State Government is to help developers buy land. The New South Wales government is bringing in legislation which will establish a state body to compulsorily purchase land then on sale it at a special price to land developers - and you can bet that price will be low, below the going rate I should imagine.

What would be the purpose of setting up something that forces people to part with their land if it wasn't to help developers get that land? The state government gives the excuse of the renewal of Sydney. This of course is to hide the real reason from voters.

"The key is we do need to ensure that land holders are fully compensated." Yeah, sure. For landholders to be "fully compensated" let developers offer them the going rate for land.

Thankfully, the conservative opposition has seen the scam and is protesting. One would expect such a policy to be from a conservative government, but this is a Labor government. Relieving the land shortage by making some land cheap is not the answer. Developers will soon up the price when they on sale it.
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