HUGH PAVLETICH
Former Fellow - Urban Development Institute of Australia
Former President –
Southern Division – Property Council of New Zealand
Co author – Annual
Demographia International Housing Affordability Survey
CONTACT
+64 3 343 9944
Christchurch, New Zealand
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General update - September 2020
Welcome to Performance Urban Planning
DEFINITION OF AN AFFORDABLE HOUSING MARKETFor metropolitan areas to rate as 'affordable' and ensure that housing bubbles are not triggered, housing prices should not exceed three times gross annual household earnings. To allow this to occur, new starter housing of an acceptable quality to the purchasers, with associated commercial and industrial development, must be allowed to be provided on the urban fringes at 2.5 times the gross annual median household income of that urban market (refer Demographia Survey Schedules for guidance). The critically important Development Ratios for this new fringe starter housing, should be 17 - 23% serviced lot / section cost - to balance the actual housing construction. Ideally through a normal building cycle, the Median Multiple should move from a Floor Multiple of 2.3, through a Swing Multiple of 2.5 to a Ceiling Multiple of 2.7 - to ensure maximum stability and optimal medium and long term performance of the residential construction sector. 2020 16th Annual Demographia International Housing Affordability Survey
Access New Zealand IPSOS Issues Monitors
Rising regions make NZ's housing market less affordable … Catherine Harris … Stuff NZ
New survey ranks NZ's most and least affordable cities … Anne Gibson … NZ Herald
Tired of the traffic hassles and back-to-work blues? Thought of moving to Christchurch to get a better life and lifestyle? That city turns out to be by far our most affordable when incomes are compared to house prices. Down south, the house prices are low but the incomes are high and out of eight areas just surveyed throughout New Zealand, Christchurch house-buyers have by far the best deal financially. … … read more via hyperlink above …
Ipsos NZ Issues Monitor November 2019
Eric Yuan, Founder and CEO of Zoom … Interview … YouTube
One In Four Workers Say They Are Working Entirely From Home: Gallup … Zerohedge …How have our lives changed this past 50 / 75 years due to Malcom McLeans creation of the modern container industry ?…Malcom McLean creates the modern container industry … VIDEO … The New York Times
Kiwi homes pass $1.2 trillion in value, Core Logic says … Rob Stock … Stuff New Zealand 2 Historical Reminders…Housing Affordability Announcement 29 October 2012 … New Zealand Government (Video) Editorial: Labour's bond proposal makes sense … New Zealand Herald 23 May 2016
NEW ZEALAND INFRASTRUCTURE FUNDING AND FINANCING ACT 2020 …Urban Development Minister Phil Twyford explains . essential viewing…. in 2 1/2 minutes on Facebook . . 1st Reading . . 2nd Reading .
Councils to have less reason to say 'no' to new housing … COMMENT Dr Eric Crampton … Newsroom …A leading legal firm explains…Infrastructure Funding and Financing Act 2020 implemented with Simpson Grierson's help … NZ Lawyer
The Act represents a "significant milestone" for infrastructure funding in New Zealand, the firm says By Jacqueline So The government has implemented the Infrastructure Funding and Financing (IFF) Act 2020 with Simpson Grierson's help. The firm said that the Act is "designed to support a new special purpose vehicle funding and financing model for the provision of bulk infrastructure for housing and urban development." "It is expected to enable a number of viable bulk infrastructure projects to proceed that would otherwise be delayed by the financing and funding constraints impacting many local authorities across the country," the firm said. Simpson Grierson said that the legislation's implementation is a "significant milestone" for infrastructure funding in New Zealand. "The IFF model will add another tool to the funding and financing toolkits available to many local authorities," said Josh Cairns, the firm's lead partner in working on the transaction. Cairns said that the project has become especially important, with local authority funding and financing headroom constantly being under the pump. The economic blow dealt by the COVID-19 pandemic has also amped up the pressure in many cases. "Ultimately, the model should help local authorities to facilitate development and keep up with demand for housing, access, and services," he said. Simpson Grierson's infrastructure team was chosen to collaborate with the Treasury and the Department of Internal Affairs on the Act in late 2018, and has been assisting in the development of the IFF program. The team will continue to provide advice on the IFF model's implementation. Fellow partners Jonathan Salter and Simon Vannini; special counsel David Cochrane; and senior associates Mace Gorringe, Graeme Palmer and Lizzy Wiessing remain part of Cairns's team.
Urban Development Act 2020 … New Zealand Government
MAJOR CHANGES UNDERFOOT AS THE URBAN DEVELOPMENT ACT COMES INTO FORCE … COONEY LEES MORGAN … LAWYERS
NEW ZEALAND . WORKING FROM HOME TRENDS…New Zealand PC Market Grows Nearly 40% Due To Work From Home Demand … Scoop NZ News
Working from home here to stay after 4 in 10 Kiwis did it during Covid lockdown … Stuff NZ
UNITED STATES . Nationally new lots (sections) median price $49,500 .. National Association of Home Builders (NAHB) reports…
Why are New Zealand houses so expensive ? … VIDEO Charlie Gates … Stuff NZ
Cantral Bank of Ireland - Mortgage Measures …What do the Irish know, that the Kiwis and Aussies have yet to learn ?…Structural Definition of an Affordable Housing Market - Performance Urban Planning
Federal 'Fair Housing' Policy Set for a Major Overhaul … Christian Britschgi … Reason
Rental market 'flooded' with former Airbnb properties … Susan Edmunds … Stuff NZ
Here's what you need to know before you consider a mortgage holiday … Susan Edmunds … Stuff NZ
Government Salaries Explorer - The Texas Tribune
List of countries GDP (PPP) per capita … Wikipedia
Thousands of Kiwis stop loan repayments as the financial impact of COVID-19 hits … Newshub News at 6
Dire warnings that property development will shrink without Govt help … Marta Steeman … Stuff NZ
Coding that led to lockdown was 'totally unreliable' and a 'buggy mess', say experts … UK Telegraph
OPINION Economic vandalism destroys important legacy … Danien Grant … Stuff NZ
U.S. homebuilder confidence rises in May … Reuters / Yahoo Finance
Young People Are Rushing To Leave Big Cities In Favor Of "Less Infected" Suburbia … Zerohedge
Nobel Prize Winner: Lockdowns Are "A Huge Mistake" … Zerohedge
Karl Friston: up to 80% not even susceptible to Covid-19 … Lockdown TV
HIGHEST SALARIES FOR SOFTWARE DEVELOPER REMOTE WORK (METRO AREAS) … WENDELL COX … NEW GEOGRAPHY
Learning from Levittow … Ross Elliott … The Pulse
How Taiwan was coronavirus-ready while the U.S. got caught with its "pants down" … CBS
Mike Hosking: Government is spinning bollocks over border blunder … NewstalkZB
Pandemic-Weary New Yorkers Spark Housing Boom In Suburban New Jersey … Zerohedge
The Coming Urban Exodus … Daniel Henninger … Wall Street Journal
EMPLOYMENT BY CITY SECTOR, CHALLENGES AHEAD FOR DOWNTOWNS … WENDELL COX … NEW GEOGRAPHY
Public discussion needed on how to safely reopen NZ's borders - Sir Peter Gluckman … TVNZ
Kiwis prioritise home with backyard over luxury features … Westpac Bank New Zealand
Heartland interviews Michael Shellenburger on his new book Apocalypse Never
PERSPECTIVE: U. S. COVID-19 DEATHS AND URBAN POPULATION DENSITY … WENDELL COX … NEW GEOGRAPHY Coronavirus: The Under-40s Dilemma … Zerohedge
The future is grim for shopping malls … Leith van Onselen … MacroBusiness Australia
Ipsos NZ Issues Monitor July 2020
A Look Inside The $52 Trillion Bubble That Has "Hijacked China's Economy … Zerohedge
…The important Matthew Pottinger, Nelson, NZ. Countries Housing Inflation Live Graph from 1980 . data The Economist…essential viewing…
OPINION: Tenancy changes a recipe for trouble … Mike Yardley … Stuff New Zealand
Regional rents tighten as tenants flee CBDs … Nila Sweeney … Australian Financial Review
Construction crisis: 'sinking' buildings and dangerous cladding | 60 Minutes Australia
Buyer Beware … 60 Minutes Australia
Inquiry. The Great British Housing Disaster (Adam Curtis, 1984) … BBC / Youtube
Nolte: Retail and Restaurants Flee Democrat-Run New York Forever … Breitbart
Mortgage deferrals hammer Aussie banks … Leith van Onselen … MacroBusiness Australia
'Staggering' number of households behind on their mortgages (in New Zealand) … Rob Stock … Stuff NZ
FURTHER UPDATE
The New New Normal VIDEO … David Levinson … University of Sydney / Transportist
Thoughts on working from home … Andrew Atkins blog
In to the New Year with containerization creator Malcom McLean . lessons . VIDEO … Malcolm Gladwell
The dawning of a new age of suburbia … Ross Elliott … MacroBusiness Australia
APS managers won over by working from home … Judy Skatssoon .(Australian) Government News
'Striking a balance' key to proposed remote working legislation … Nicole Glennon … Irish Examiner
88% of civil servants feel as 'effective' working remotely - survey … RTE
(United Kingdom) Survey finds working from home to quintuple by 2025 … FMT
One in four people to work from home permanently … UK Daily Telegraph
Many UK office workers would accept a pay-cut for remote working … ITProPortal
Will work-from-home give a boost to female employment? … S A Sayar* … The Times of India
Auckland Council building up for sale as thousands of staff work from home … Todd Niall … Stuff NZ
How a 25-year-old teacher making $58,000 in Dallas spends her money … VIDEO . CNBC
Ardern pledges to care 9% more by 2030 … Danyl Mclauchlan … ( Summer Reprint ) The Spinoff
'Desperation' for homes driving rent prices up in small-town New Zealand … Vita Molyneux … Newshub
Building Consents Issues - November 2020 - Statistics NZ
November 2020 - Building Approvals … Australian Bureau of Statistics
House construction booms, apartment construction busts … Leith van Onselen … MacroBusiness Australia
Sydney and Melbourne property listings surge … Leith van Onselen … MacroBusiness Australia
Affordability crunch: Will house prices hit a limit ? … Miriam Bell … Stuff NZ
Mortgage Measures - Central Bank of Ireland .
COVID will kill CBDs. And that's a good thing … Leith van Onselen … MacroBusiness Australia
Action needed to halt rocketing house prices - CoreLogic … Miriam Bell … Stuff NZ
The Work-From-Home Boom Is Here to Stay. Get Ready for Pay Cuts … Noah Buhayar … Bloomberg
Remote working in the Bay Area … Bay Area Council
Texas Real Estate Update September 2020 … Real Estate Center A&M University
House Down Payments Soar To 20 Year High As Banks Crack Down On New Loans … Bloomberg / Zerohedge
THE IPSOS NEW ZEALAND ISSUES MONITOR - NOVEMBER 2020
(New Zealand) Home ownership at lowest level since 1951 … Miriam Bell … Stuff NZ
Capital's median house price tipped to hit $1m by the year's end … Matthew Tso … Stuff NZ
Housing Affordability Section … Stuff New Zealand
Detached house building approvals hit a 20-year high … Nathan Jolly … Elite Agent
Western Australian building biggest new homes in Australia … Colin Brinsden … Perth Now
Addressing the housing crisis: What NZ can learn from other countries … Miriam Bell … Stuff NZ
Working from beach: Employees urged to work even more remotely … Adam Jacobson … Radio New Zealand
1 in 4 Americans will be working remotely in 2021, Upwork survey reveals … Lori Ioannou … CNBC
Working from home will permanently shape our cities … Leith van Onselen … MacroBusiness Australia
ANZ (NZ) whacks property investors … Leith van Onselen … MacroBusiness Australia
Distress looms over U.S. commercial real estate in 2021 …Joy Wiltermuth … MarketWatch
MANHATTAN APARTMENT RENTS DIVE TO DECADE LOW AS INVENTORY SWELLS … BLOOMBERG / ZEROHEDGE
Available Toronto office space has quadrupled in 2020 as work from home continues … BlogTO
NYC OFFICE SPACE FOR RENT HITS HIGHEST LEVEL SINCE 2003 AS GOLDMAN FLEES FOR FLORIDA … ZEROHEDGE
Record house prices not caused by Reserve Bank - Adrian Orr … TVNZ
Median Multiples - Interest Co NZ
Vacant apartments tower over Melbourne and Sydney … Leith van Onselen … MacroBusiness Australia
Buying a house: How much deposit do you need? … Susan Edmunds … Stuff NZ
How the Coronavirus Outbreak Has - and Hasn't - Changed the Way Americans Work … Pew Research Center
People Fleeing Big Cities Risk Overwhelming Small Towns … Van Badham … Bloomberg
Which prime ministers oversaw the biggest house price increases? … Rob Stock … Stuff NZ
Estimated number of new homes consented per 1,000 residents up in June year … Statistics New Zealand
Housing through the decades, what is affordable? . VIDEO . … Tony Field … Newshub ( August 2016 )
Your home probably earns more than you do … Susan Edmunfs … Stuff NZ
How much debt is too much for Kiwi households to bear? … Daniel Dunkley … Stuff NZ
September Transit Ridership Down 62 Percent . Randal O'Toole . TI Org
There's plenty of green beyond Wellington's green belt … Rob Mitchell … Stuff NZ
Wanted: Bigger houses, to work from home … Colleen Hawkes … Stuff NZ
NZ can build enough affordable homes - Christchurch proves it … Bernard Hickey … Stuff New Zealand
Charting Australia's housing construction glut … Leith van Onselen … MacroBusiness Australia
Aussies pull pin on capital cities … Leith van Onselen … MacroBusiness Australia
HomeBuilder drives house construction boom … Leith van Onselen … Macrobusiness Australia
Govt needs to target our soaring cost of living … Lana Hart OPINION … The Press / Stuff NZ
Why house prices are likely to rise post-election … Janine Starks OPINion … Stuff NZ
Subnational population estimates: At 30 June 2020 … Statistics New Zealand
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