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  1. #111
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    Quote Originally Posted by artemis View Post
    Couple with no children and two incomes probably collect even more stuff than the average family! So they may need an even larger place to live. Plus they can afford bigger and better.
    True. My partner and I have quite a bit of stuff (currently rent a 3 bedroom house and use all of it) but no house of our own to put in! Go figure eh?

  2. #112
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    Quote Originally Posted by MAC View Post
    Yep, it’s definitely time for a flat 10 years in the housing market.

    http://www.nzherald.co.nz/property/n...ectid=11391028

    It would seem sensible that the government engineer a soft landing, by LVR, cutting immigration, restricting foreign ownership, preferably all of those things until household debt ratios return to what they were in 1990 or thereabouts.

    All New Zealander's will prosper from having lower debt ratios, and there are other markets in which to invest for those whom have been obsessed with real estate.

    Attachment 6704
    Just the restricting foreign ownership of large holdings and expensive houses would go a long way--citizenship should be a requirement.IMO

  3. #113
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    Quote Originally Posted by artemis View Post
    Maybe but the average household size at 2.7 (2013 census) has changed very little since 1996 when it was 2.8. A blunt instrument but at least based on evidence.
    Fair enough - much of my post was personal observation and hearsay. However, from census stats, there had been no change in NZ household size between 2006-2013. The post I was responding to referred to Auckland where inter-census household size has increased to 3.0 from 2.9 and where 4+ households have increased from 32.8% (2006) to 33.7% (2013) of total households. In 2001 the 4+ households comprised 31.8% in Auckland so there seems to be a trend there in NZ's most expensive city.

  4. #114
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    Obviously we could adopt the German approach if we ever got serious about balancing supply and demand for houses while stabilising prices. However I don’t think there is yet much political incentive to do this yet despite their own reports recommending similar measures.

    However given this reluctance one direction that often seems overlooked is the idea of relocating economic activity. Currently companies can locate offices in Auckland at relatively low direct cost as the associated infrastructure expenses are carried by the public purse. Perhaps there are economic incentives that could persuade companies to relocate many activities to regional centres where the cost of labour is lower and inefficiencies (commuting times etc.) are greatly reduced.

    That said the same could be applied to government. You have to question the wisdom of concentrating public services in Wellington, a city with limited usable space, an unappealing microclimate and prone to natural disasters.

  5. #115
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    Quote Originally Posted by Tomtom View Post
    Obviously we could adopt the German approach if we ever got serious about balancing supply and demand for houses while stabilising prices. However I don’t think there is yet much political incentive to do this yet despite their own reports recommending similar measures.

    However given this reluctance one direction that often seems overlooked is the idea of relocating economic activity. Currently companies can locate offices in Auckland at relatively low direct cost as the associated infrastructure expenses are carried by the public purse. Perhaps there are economic incentives that could persuade companies to relocate many activities to regional centres where the cost of labour is lower and inefficiencies (commuting times etc.) are greatly reduced.

    That said the same could be applied to government. You have to question the wisdom of concentrating public services in Wellington, a city with limited usable space, an unappealing microclimate and prone to natural disasters.
    Auckland City is still rebalancing the rates differential on business properties which will further reduce the rates burden on business premises....so this will make the city even more appealing. That, coupled with the "rebalancing" of rates throughout the region following the "anschluß" of the previous councils, will mean even larger increases for some residential ratepayers, adding further to the household expense pressures in the area. Many businesses prefer to be closer to their markets and Auckland appeals in NZ as it is a big, camparatively dense and growing market.

    How are infrastructure costs carried more by the public purse in Auckland than elsewhere? Certainly to the extent that Councils bear the cost of infrastructure, then that is covered to an extent by ratepayers (including businesses) and land developers. One of the issues cited for house price increases has been the size of the development levy (for infrastructure requirements) on new subdivisions. To stimulate a move to provincial NZ, maybe this cost could be shifted on to business ratepayers to help ease the residiential cost burden and to make Auckland a less attractive place for businesses to set up shop?

  6. #116
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    Quote Originally Posted by Tomtom View Post
    .... You have to question the wisdom of concentrating public services in Wellington, a city with limited usable space, an unappealing microclimate and prone to natural disasters.
    Most of the sharp end of government departments is located outside Wellington CBD and indeed Wellington. Many might think that head offices that fall over in, say, an earthquake, might be no great loss. Though there are relocation plans ready to go.

    I lived in Auckland for a long time, never left home without a brolly. Trust me the Wellington microclimate is a great improvement. The air here is clean and clear, and Wellington on a good day .....

  7. #117
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    Quote Originally Posted by artemis View Post

    I lived in Auckland for a long time, never left home without a brolly. Trust me the Wellington microclimate is a great improvement. The air here is clean and clear, and Wellington on a good day .....
    It depends whereabouts you live in each city...micro-climates differ across the Auckland isthmus and region.
    From experiencenz.com:
    Auckland winter ave temp high 14.7°C; Wellington 11.3°C
    Auckland winter rain days/month 13; Wellington 11

    So Welly is drier and colder. So, you may be less likely to get wet in the capital but, when you do get wet, you may be more likely to catch a chill

  8. #118
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    Wellingtons wonderful microclimate at 2.30pm. Wellington City 26c, Lower Hutt 28c Wainuiomata 32c and Upper Hutt 34c

  9. #119
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    Quote Originally Posted by couta1 View Post
    Wellingtons wonderful microclimate at 2.30pm. Wellington City 26c, Lower Hutt 28c Wainuiomata 32c and Upper Hutt 34c
    Feilding today: freakin' hot with little to no wind and a good dose of river thrown in. High chance of CC & Dry and/or ciders past 7pm

  10. #120
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    Quote Originally Posted by BFG View Post
    Feilding today: freakin' hot with little to no wind and a good dose of river thrown in. High chance of CC & Dry and/or ciders past 7pm
    Check the percentages and write your address on your arm in vivid.


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