michael scott managing director the treadstone company

Michael ScottMANAGING DIRECTORTHE 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


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]


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


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


Tour Examples of Infill Sites


New Communities


Small lot av. 350sqm

Patio 15x15.7m/

236sqm

*Zero lot 8m/236sqm

*Terrace 6.5m/195sqm

*Terrace 4.8m/144sqm

3 st aprts, gnd park-ing

0

10

20

30

40

50

60

70

1721

2934

44

60

Net Residential Density(Net dw/ha based on 17.4 m streets,

6m rear lanes & corner studios for rear accessed housing types *)




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)


Cottages


Terraces


Strata Studios


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”


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


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.



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)



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


Questions?

Mike Scott | Director | The Treadstone Company Pty Ltd

Mobile 0418 223 969 | Email [email protected]


mailto:[email protected]

michael scott managing director the treadstone company

Documents

sustainability conferencewhat

sustainability conferencewhy

walking landcom

housing choice

housing diversitylandcom

agreed coag criterialandcom

development of urban

walking networks