The Herald reports:
A $224,000 prototype house, aimed at Aucklanders who want an affordable place, has been built at Papakura.
That is the house, not the land.
The business is promoting architecturally designed houses as a revolution, designed to fit on sites as small as 350sq m.
Excellent. Different families will want different sizes.
Giam said higher specification places developed under the firm’s Smarter Small Home concept would sell for $259,000 and he hopes a house and land package can go for under $500,000.
“We are hoping to get it between $450,000 and $490,000 on a section costing between $220,000 and $250,000. The vision is sub-$500,000 for a truly desirable and functional home. And if we look outside of Auckland then it becomes even more affordable,” he said.
That seems realistic to me. But it also shows what a hollow sham Labour’s pledge to have homes available for $300,000 a year in Auckland. It is simply impossible to do while land costs so much. Even for a tiny section, the land is estimated to cost from $220,000 to $250,000. Think you can build a home for $50,000 to $80,000?Tags: housing affordability