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
1. Facilitate the Supply of Appropriate
Mixed Income Housing [Diversity]
2. Support Affordable Living Choices
[Affordability]
3. Improve Accessibility and Reduce
Dependence on Private Motor
Vehicles [Public Transport]
4. 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
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Existing markets and established communities
Different developers
Good examples of Housing Diversity including apartments
New Communities
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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?
70
60
60
50
44
40
34
29
30
20
17
21
10
0
Small lot av.
350sqm
Patio
15x15.7m/236sqm
*Zero lot
8m/236sqm
*Terrace
6.5m/195sqm
*Terrace
4.8m/144sqm
Net Residential Density
(Net dw/ha based on 17.4 m streets,
6m rear lanes & corner studios for rear accessed housing types *)
LANDCOM 2011 SUSTAINABILITY CONFERENCE
3 st aprts, gnd
parking
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
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Social – Demographics + Health
Economic – Affordability + Services
Environmental – Sprawl + Consumption
Costs of Living Pressures
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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
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Village focus, recreation facilities and transport ready
Infrastructure Funding Model
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Federal and State Taxes (GST + Stamp Duty = $70,000)
Developer Contributions (SIC + Section 94 = $70,000)
Change to Regulation
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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
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Alternative to apartments
Must be able to walk through
Create new standard housing types
House + Land Packages
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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
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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