[jamilliah]

my parents and i live in new youk.they bought land in the poconos for $23,000 and it was 2,750 sq ft which is 256m2 maybe...now...why do i keep seeing land for $80,000 and up......

what is that,and is that for real?
my parents will be looking for a residential section as they call it, in south auckland,manurewa or manukau maybe....i can see there are cheap land in the south island ...but what about land for $30,000...are there any takers...my goodness..

please tell me there is cheap land out there and what im seeing on my computer are the expensive ones..if $80,000 dollars is a norm...please put a pillow under me as it will help break my fall....

[Marie P]

Hi Jamilliah,

We bought a section 611m for $255,000.

It backs onto water and has Gas ,Electric and water already wired in .

This is in Wattle cove , Manurewa.

[we paid this about 4 months ago ,I think the sections cost more now :uhoh ]

Marie x

[tigerlily]

The only place I've looked at land was on Waiheke Island- there the cheapest sections are over $80, 000. Plus there is the cost of building, it would be more on an island as everything has to shipped over from Auckland.

[Diny]

I've not seen any sections for as little as that around here - and this is the Manawatu !!

It all depends on where you buy but around here sections start at about $125,000 up to hundreds of thousands. We recently saw a postage size section, (you could only build a small bungalow on it) and they were asking for offers over $550,000.

Diny

[Nienke]

:exit

[veronica]

but its still on the whole cheaper than the UK

[sarahw]

yep sections in Welly, you're looking at $150-$500K depending on size, view & location - the lower end are usually tiny not big enough for a decent house. Average cost in our area $250K (under 1000 sq metres) 20-40 mins outside the city depending on traffic, but with a view.

[k-k]

Prices vary here on the Kapiti Coast too. There are two laughable sections up for sale in our road. Two houses have recently sold and within weeks of the new owners moving in they've both put their gardens up for sale as sections. One is 450 square metres for $160k, the other $295K for 812msq. Why anyone would buy a house then sell off their front garden and have a house built on it is beyond me, but that seems to be they way around here.

Further out from Paraparaumu there are 1 hectare sections for about 250-300k and upwards. It all depends on the view.

k-k

[Avalon]

Half an acre in the town here will cost you about $60k, an acre will cost about $90k.

A lifestyle block will cost you heaps more depending on where it is.

[Moorf]

500 - 900sqm with sea views around Chch c. $300k - $400k

http://www.allrealestate.co.nz/realestate/redcliffs/sections+for+sale/2316493

[kiwidebs]

There is a section close to us (same suburb) which is about 600sqm (smaller than our section) on the market for about $650000 - that's with no house on it. That's about $200000 more than we paid for our house:eek: !!

[Moorf]

:eek: And after watching Close Up this evening those expensive sections will have expensive houses on the with expensive rates. Felt so sorry for that old couple who can't afford to live in their house anymore because the rates are too high - but $2500 a year :confused: yikes!

[richard]

:eek: And after watching Close Up this evening those expensive sections will have expensive houses on the with expensive rates. Felt so sorry for that old couple who can't afford to live in their house anymore because the rates are too high - but $2500 a year :confused: yikes!

I guess you wouldn't want to live here then. Current year's rates $22,731.20 :eek:


http://www.ratesinfo.ccc.govt.nz/PropertyDetails.aspx?RateAccountNum=2363761

[bob_the_engineer]

I guess you wouldn't want to live here then. Current year's rates $22,731.20 :eek:


:eek: :eek: :eek:

OMG bob

[zardell]

[QUOTE=richard]I guess you wouldn't want to live here then. Current year's rates $22,731.20 :eek




No wonder they offer installments !! :eek:

Julie

xx

[ruthyroo]

but its still on the whole cheaper than the UK
But only if you are bringing a wad of GBP with you, either as an immigrant from the UK who has sold up there, or a kiwi who's had a good OE and is bringing a widge of GBP back with them - on the 'average' kiwi salary it's getting increasingly difficult to afford to buy land or homes. There's a short article in the Listener saying that rates of home ownership have dropped by 10% in the last so many years. The Govt repose has been to produce an information pack called a Guide to Home Ownership or some such. The author of the article makes the point that it's unlikely to be lack of understanding of the process that is putting people off - its the fact that the average kiwi salary is only $43K before tax... and the Govt aint doing anything about that.


Why anyone would buy a house then sell off their front garden and have a house built on it is beyond me, but that seems to be they way around here.

The reason is (I think) that kiwis often have no savings or investments other than property, and selling land is one of the only opportunities many families will have to make some decent money (see above for my moan about low salaries!) - and if that means living on a tiny plot so be it. Not the kiwi dream but the financial reality for many people I think.

[Nienke]

I watched Close up too, and what really horrified me was the ease with which the politicians said 'then they just have to downsize' or 'go to the bank and take out a loan to pay the rates'. :exit
Is it me or does anyone else find this completely ridiculous? Does it just not mean that there's something wrong with the rate system if people have to move out of their homes in which they have lived for 40 years or more just because they can't pay the rates?

[Moorf]

I watched Close up too, and what really horrified me was the ease with which the politicians said 'then they just have to downsize' or 'go to the bank and take out a loan to pay the rates'.



Yup, the whole feature had me gobsmacked.


I guess you wouldn't want to live here then. Current year's rates $22,731.20


To put that into perspective that property at 19 Gleneagles Terrace is huge and a Christchurch heritage protected building... :) http://www.wkb.co.nz/properties/hatherley.html

Our neighbours "pension" is their land - they love it here but know they'll have to split the land and move on as they need to release the money to live on.

[Avalon]

I watched Close up too, and what really horrified me was the ease with which the politicians said 'then they just have to downsize' or 'go to the bank and take out a loan to pay the rates'. :exit


Hmm - the "Let them eat cake" approach didnt work for the last person who said it :laugh Anyone have a guillotine to hand?????

[bob_the_engineer]

Napier section,


I’ve found a lovely bare spot of land, at a bargain price for you.

Let me describe it because the photo is of the view NOT the section.

The section is “easy care” it being about the size of my lounge,,,, you have to see this to believe it, the section has a RAILWAY TRACK on it, honestly, goods trains would be within a few foot of your house! That’s the house you would have to pay to build there, and I’m not exaggerating.

Ok the bit about “the same size as my lounge” isn’t true but at 440sq m that’s around 69ft by 69ft, I’ve seen it, it looks even smaller than that to me!

Oh the price I almost forgot,,,, anyone got over half a MILLION dollars going spare?

http://www.harveycoxon.co.nz/show?rd=1&ref=NP16891

:eek: unbelievable! Bob

quote from the ad "Build your dream waterfront mansion" :laugh :laugh :laugh you cold place an ad in the local rag: Wanted mansion for relocation (must be under 69ft wide, and sound proof)

[Moorf]

Crikey... !!!


.. and if you hadn't of said where it was I'd have sworn that was Sumner!!

[Smiler]

Ohhh I know where that is!! Isn't the fertiliser factory along there? :uhoh

[bob_the_engineer]

Ohhh I know where that is!! Isn't the fertiliser factory along there? :uhoh

Yup, that’s what they carry through your back garden (in the train) :exit

the factory is up the road

Bob

[Smiler]

half a mill +, to sit in the garden and be coated in lime. :eek:

[bob_the_engineer]

Crikey... !!!


.. and if you hadn't of said where it was I'd have sworn that was Sumner!!

That pic was probably taken last week when it was quite nice (it’s only just gone on sale) I think that’s why I thought spring had arrived! :wah I need some sunshine (need a stamping feet emotion) I remember the grass there in the summer,,,,, it’s a lovely brown.

Bob, very cold Bob

[Avalon]

half a mill +, to sit in the garden and be coated in lime. :eek:
But - with a view - dont forget the view :laugh

[jamilliah]

oh wow thanks for all those answers.well as you know when your any type of high position abraod and u come here and get a qualification assesment,they lower your rank.so my mom as an LPN(license practical nurse)..she basically does alot of RN work.is now an enrolled nurse assistant,with a pay that could kill a horse....these prices for land is tooo much... mom doesnt know if getting her Rn registration will be difficult for a late 40's bloomer....if it is too difficult,she might have to resort to selling ice lollies or something for more money.:)..she may probably do extra stints taking care of older people on the side
where theres a will theres a way,we have some financial support but after the moving.it will be cut in half..but still not impressive
what about public assistance in housing...she will basically be supporting my father and young sister on a very small salary.how long after residence can she look into that?..
you never know we couuld get lucky..

i mean you read that land is really cheap here and then you see 100,000 dollars for something you could buy upstate new york or the poconos for more than half that...you have to be rich for all this stuff....

[Rabbit]

But - with a view - dont forget the view :laugh

Avalon, I read today that council rates in your area are increasing by 16% - oh dear, reminds me of the UK - born free and taxed to death.

As a more general comment, not that I have had a mortgage for along time, but I remember back in the 80's the mortgage limit in the UK was about three times salary.

In the UK it is probably six times salary now just to get by, just wondering what the multiplier is in new zealand, especially given the high interest rates x10?

Let's hope the NZ property bubble bursts soon - I am waiting till January and would not consider buying at current rates.

Land Mass, Population size, rate of economic growth and saleries can't justify current prices.

[StevieD]

Great if you're are a trainspotting anorak though!! :laugh

This is seriously scary stuff - the world has gone mad!

[Singel]

In the UK it is probably six times salary now just to get by, just wondering what the multiplier is in new zealand, especially given the high interest rates x10?

Land Mass, Population size, rate of economic growth and saleries can't justify current prices.
Middle-New Zealand feels pinch : http://subs.nzherald.co.nz/category/story.cfm?c_id=54&objectid=10391493

[Bergita]

Ok, now I see why no-one is responding to my thread in Money Matters, it's being discussed here. I read a few articles on the big rates squeeze, and I was wondering how it's affecting the home owners on this forum. I can't find any concrete figures, really, and I'd like to know what the figure for rates is on a $300k to $400k house in the Auckland area.

We've pretty much decided to rent for a while and see what the property prices and rates are like before we buy, the last thing we want to do is sell ourselves into eternal debt. But it's going to be hard for me, owning my own home has always been my security.

I'll do what I usually do, close my eyes, and hope for the best. :o

[Avalon]

Avalon, I read today that council rates in your area are increasing by 16% - oh dear, reminds me of the UK - born free and taxed to death.

Oh - it gets worse :no

Caerterton District Council were late in sorting out the distric plan (or some such beaurocratic thingy) and so havent workd out exactly what the rates are for next year in time for the bills to go out.

Soooo - what the numpties have done is charged the same quartly rate as last year. Great you might think - a cheap bill for the first quarter :) Not quite - the increase (all 16% of it) gets shoved into the next three quarterly payments :mad: Why should we struggle because Carterton DC cant add up properly and have bad accounting practices????? They ahve had 3 years notice of the new rules governing assets - so I dont see why we should suffere because they werent competent enough to do the work.

For us persoanlly its going to be even worse becasue our bill is still based on the old valutation of the land only and not the house/ So not only do we have 3 payments to absorb the years increase - we have only 3 payments to absorb the individual house increase. Its gonna hurt. And becasue our rating valuation is going to be completely different anyway - we have no way of budgeting for it till the correct bill comes.

Im not going to be a happy bunny when it arrives.

[Soon2baKiwi]

Ok, now I see why no-one is responding to my thread in Money Matters, it's being discussed here. I read a few articles on the big rates squeeze, and I was wondering how it's affecting the home owners on this forum. I can't find any concrete figures, really, and I'd like to know what the figure for rates is on a $300k to $400k house in the Auckland area.

We've pretty much decided to rent for a while and see what the property prices and rates are like before we buy, the last thing we want to do is sell ourselves into eternal debt. But it's going to be hard for me, owning my own home has always been my security.

I'll do what I usually do, close my eyes, and hope for the best. :o

Hi Bergita

You pay rates based on the Capital Valuation. So, although you have paid $400-$500 for your house the CV might only be $350k. The valuations were set last September and will stay like that for 3 years when they will increase again. The are four (or five?? can't remember) separate councils in Auckland and they all set their rates differently. We're in Glenfield on the North Shore and rates on $350k are around $1500 per year.

[Singel]

We live in Wattle Cove on Manukau City and our rates on $433k is $1280 per year.
On top of it, we have to pay the Auckland Regional Council Rates of $200 per year.

[Avalon]

Oh - it gets worse :no

Just to add that we have a cherry on top as well :uhoh

The train fares all go up next month for teh wellington regions.

A 10 trip ticket goes from $80 to $104 :wah

[Avalon]

And becasue our rating valuation is going to be completely different anyway - we have no way of budgeting for it till the correct bill comes.

Im not going to be a happy bunny when it arrives.
I just got some good news today about my rates bill :)

Apparently - our current bill is correct for the house (I thought it was based on the old valuation for the land only - before the house was built - partly becasue the rates are fairly cheap for a big house). Turns out - that rate is correct for our rating as it is now. So we only have to take into account the general rise - not the rise and the new valutaion :) Apparently - the low rate is becasue we are a rural property. Kinda makes sence - no water supply, drainage or rubbish collection is included.

This bunny is a bit happier now.