Neat and highly appropriate mode of analysis. Great work.
It could be extended in the following manner:
1) What might be affordable, in terms of the price of a dwelling, at zero interest rates, for a working couple on the minimum wage.
2) What is the availability of dwellings at that price across the capitals? Outside the capitals?
3) Would the situation be tenable if the couple did not have to own two cars?
4) What sort of house might be built in what sort of circumstances to provide a dwelling for a couple, both earning at the level of the minimum wage?
5) Lets assume that the caravan and camping regulations are relaxed to enable people who own land in rural and rural residential zonings to accommodate fully serviced 'tiny homes', caravans or 'park homes' that they, the landowners own. What per unit outlay would be justified if the requirement is a return of 10% on capital invested, were the per unit rental to be $300 per week?
6) Is it possible under the existing planning regime to provide a house that is affordable to a couple, both earning at the minimum wage level, in the subdivisions that are being created across the country at this time?
7) What changes in the planning regime would allow the creation of housing that is affordable for a working couple earning the minimum wage?
That is certainly a worthwhile extension of this analysis I would like to get to at particularly the adding of supply that is affordable for households in that demographic.
In the coming months I will do some digging and discuss the issue with some experts on where that cost may sit and what could be done to influence it lower.
Neat and highly appropriate mode of analysis. Great work.
It could be extended in the following manner:
1) What might be affordable, in terms of the price of a dwelling, at zero interest rates, for a working couple on the minimum wage.
2) What is the availability of dwellings at that price across the capitals? Outside the capitals?
3) Would the situation be tenable if the couple did not have to own two cars?
4) What sort of house might be built in what sort of circumstances to provide a dwelling for a couple, both earning at the level of the minimum wage?
5) Lets assume that the caravan and camping regulations are relaxed to enable people who own land in rural and rural residential zonings to accommodate fully serviced 'tiny homes', caravans or 'park homes' that they, the landowners own. What per unit outlay would be justified if the requirement is a return of 10% on capital invested, were the per unit rental to be $300 per week?
6) Is it possible under the existing planning regime to provide a house that is affordable to a couple, both earning at the minimum wage level, in the subdivisions that are being created across the country at this time?
7) What changes in the planning regime would allow the creation of housing that is affordable for a working couple earning the minimum wage?
Glad to hear you found it worthwhile.
That is certainly a worthwhile extension of this analysis I would like to get to at particularly the adding of supply that is affordable for households in that demographic.
In the coming months I will do some digging and discuss the issue with some experts on where that cost may sit and what could be done to influence it lower.