Michael Scott MANAGING DIRECTOR THE TREADSTONE COMPANY.

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Presentation transcript:

Michael Scott MANAGING DIRECTOR THE TREADSTONE COMPANY

Introduction What is Housing Diversity? Why do we need it? How is it going to be delivered? What is Liveability? LANDCOM 2011 SUSTAINABILITY CONFERENCE

What is Liveability? Our Cities, Our Future Federal Government’s Urban Policy for a Productive, Sustainable and Liveable Future Linkages between future funding for infrastructure and this Urban Policy including the agreed COAG criteria LANDCOM 2011 SUSTAINABILITY CONFERENCE

What is Liveability? Chapter 5 Liveability Facilitate the Supply of Appropriate Mixed Income Housing [Diversity] Support Affordable Living Choices [Affordability] Improve Accessibility and Reduce Dependence on Private Motor Vehicles [Public Transport] Support Community Wellbeing [Cycling and Walking] LANDCOM 2011 SUSTAINABILITY CONFERENCE

What is Liveability? “Australian Government funding for significant infrastructure will be dependant on States and Territories having plans in place that deliver on the nine agreed COAG agreed criteria” “The current and projected supply of dwellings does not match the changing needs of the growing population in terms of quantity, diversity, accessibility and affordability” “Encourage the development of urban areas that promote healthy lifestyles through cycling and walking networks, recreation facilities and high quality public spaces” LIVEABILITY is about Housing Choice and the Village LANDCOM 2011 SUSTAINABILITY CONFERENCE

What is Housing Diversity? Infill and Renewal Sites Existing markets and established communities Different developers Good examples of Housing Diversity including apartments New Communities Recent examples of 30 dwellings/hectare No apartments (feasibility or market aspirations) Responding to change and affordability Shift to more Housing Diversity LANDCOM 2011 SUSTAINABILITY CONFERENCE

Tour Examples of Infill Sites LANDCOM 2011 SUSTAINABILITY CONFERENCE

New Communities LANDCOM 2011 SUSTAINABILITY CONFERENCE

What is Housing Diversity? LANDCOM 2011 SUSTAINABILITY CONFERENCE

What is Housing Diversity? LANDCOM 2011 SUSTAINABILITY CONFERENCE

What is Housing Diversity? Landcom’s Housing Diversity Guide Compact Housing Types Cottages (single and two storey) on 150m2 – 250m2 lots Terraces (single and two storey) on 113m2 – 240m2 lots Strata Studio Apartments over rear garages Some stacked units (cottage construction) LANDCOM 2011 SUSTAINABILITY CONFERENCE

Cottages LANDCOM 2011 SUSTAINABILITY CONFERENCE

Terraces LANDCOM 2011 SUSTAINABILITY CONFERENCE

Terraces LANDCOM 2011 SUSTAINABILITY CONFERENCE

Strata Studios LANDCOM 2011 SUSTAINABILITY CONFERENCE

Strata Studios LANDCOM 2011 SUSTAINABILITY CONFERENCE

Why do we need Housing Diversity? The Drivers of Change Social – Demographics + Health Economic – Affordability + Services Environmental – Sprawl + Consumption Costs of Living Pressures Shift from Monthly Cost of Purchase to Running Costs Home Buyers views of Debt + Savings Availability of Credit (homebuyer or builder) Aspirations “Own Home on Own Block” LANDCOM 2011 SUSTAINABILITY CONFERENCE

LANDCOM 2011 SUSTAINABILITY CONFERENCE

LANDCOM 2011 SUSTAINABILITY CONFERENCE

Why do we need Housing Diversity? Demand for traditional large detached homes is declining Becoming a smaller market segment (375m2 is the new 450m2) Shift the fight for market share to more supply (10,000 new homes) Need to widen the market offer (40% or 4,000 compact per year) More compact housing $ 300,000 to $ 450,000 Increase housing supply and rate of sale LANDCOM 2011 SUSTAINABILITY CONFERENCE

How will it be delivered? Real Circles for Village Amenity Village focus, recreation facilities and transport ready Infrastructure Funding Model Federal and State Taxes (GST + Stamp Duty = $70,000) Developer Contributions (SIC + Section 94 = $70,000) Change to Regulation Move away from one speed minimum standards Diversity by allowing % at different minimum standards Apartment alternative, Torrens Title with POS, Setbacks etc. LANDCOM 2011 SUSTAINABILITY CONFERENCE

How will it be delivered? Display Homes Alternative to apartments Must be able to walk through Create new standard housing types House + Land Packages Land developer and home builder maintain roles Release of subdivision plan prior to construction Need for delivery controls on “House + Land Package” Construction loan funding (Valuers + Banks) LANDCOM 2011 SUSTAINABILITY CONFERENCE

How will it be delivered? Pipeline of Supply for Targeted Initiatives ACT Affordable Housing Action Plan 20% of New Homes LDA’s OwnPlace Program Eligible Purchasers Retirement Housing (Options other than Retirement Village) Mixed Tenure (Private Owners + CHP’s) Institutional Investment LANDCOM 2011 SUSTAINABILITY CONFERENCE

Questions? Mike Scott | Director | The Treadstone Company Pty Ltd Mobile 0418 223 969 | Email mikescott@treadstone.net.au LANDCOM 2011 SUSTAINABILITY CONFERENCE