The Auckland housing market has been a hot topic of contention for the past decade. As time has gone on, people looking
to make their way on the property ladder for the first time have become increasingly frustrated as the median house
price continues to skyrocket with no ceiling in sight.
There is little evidence that this trajectory is likely to cool or correct anytime soon and it is becoming apparent that
our approach to housing may have to change in order to accommodate it.
But what has caused this crisis? There are several factors at play contributing to the increase in house prices across
Auckland. Firstly, the population of New Zealand’s biggest city has exploded in the last decade. This increase in
population is projected to continue onward and upward, with an increase of 648,000 people between 2018 and 2048. This
would take Auckland’s population from 1.6 million to over 2.3 million, putting tremendous pressure on the housing
supply, which continues to lag behind and not meet the demand.
Historically, housing and property have been a gateway into financial stability. It’s a proven long-term investment that
many generations have used as a means for preparing for their golden years. However, given the fact that this has been a
proven method and coupled with a supply and demand bottleneck, the demand for investment and speculation in the real
estate market has pitched investors against first home buyers.
A lack of supply drives house prices up, and house prices being driven up justifies the further investment. It is a
self-fulfilling cycle with no end in sight… or is there?Relocatable Homes Could Be A Major Part of Solving Auckland’s Housing Crisis
As we have established, one of the biggest stresses on Auckland’s housing market is the supply. The population and
investment interest far exceed the number of homes being built every single year. While there have been governmental
incentives relating to new home builds for first home buyers, the speed at which these homes are being constructed does
not meet the demand.
On the flip side of the demand for homes are people looking to take advantage of the hot market. There is a consensus
that part of the solution for Aucklanders getting into homes is increasing the density of housing. This means that
people with substantial sections of land from a bygone era can potentially subdivide and make room for additional
houses.
But perhaps the section isn’t subdividable, but it is still in a great location. This is especially true of older
sections that were built to be in the perfect location, close to conveniences or amenities. In these cases, you may wish
to build a new, modern home that is in alignment with the value of the section and surrounding area to receive a greater
return on your investment.
Whether you’re looking to modernise or subdivide, these larger, precious sections usually have a commonality - the home
on them may no longer reflect the value or potential of the land underneath it. Most people’s knee jerk reaction is to
demolish these homes, but what if they can be put to greater use? What if these older unique homes can house a first
home buyer, getting them on the property ladder and creating additional revenue for you?The Cost of Demolishing Your HomeFinancial
The cost to demolish a home varies depending on the scale and complexity of the building. There is one thing you can be
assured of - unlike selling your home for relocation, demolition comes at a cost directly to you. Estimates can range
drastically, from approximately $8000 for a standalone studio with minimal internal stud walls, to well over $30.000 for
a multi-storey house over multiple levels of ground. And that's just the demolition itself.
Other factors that go into the cost of demolition include how easily the property is accessed, proximity to the
neighbours and any presence of asbestos. Coupling this with post demolition earthworks and demolishing a home can end up
costing significantly more than most people expect.Environmental
It is everyone's responsibility to keep the New Zealand environment as surreal and beautiful as possible. Demolishing a
house can create over 25 tonnes of debris and waste that fills up landfills, putting a dent into our ecosystem.Emotional
Older homes have a sense of character. They stand as places that have been used to create memories and as time goes on,
owners look back on their time spent there with fond recollection. The idea of demolishing such a thing can often carry
heavy emotional weight, especially when the home can be sold to a new person or family to begin to create their own
memories.Historical
The early homes of New Zealand were all unique. Prior to the mass production of homes, every nook and cranny was
carefully considered and planned to suit whoever the home was being built for. The Victorian-style villa homes are a
reflection of New Zealand's heritage and are often built with native hardwoods that just aren’t present in modern homes.
This sense of history is worth saving, especially if the new owner is going to take the time to restore and maintain a
little bit of Kiwiana history.Selling Your Home For Relocation is a Win-Win Situation
In this age of consumption, people are becoming more aware of the damages of single-use commodities. As more strain is
put on the planet's resources it is becoming important to reuse and recycle. While your home may no longer suit your
needs, it may be the perfect abode for someone else, and demolishing it is a huge potential loss.
Selling your home for relocation allows you to avoid the cost of demolition, providing you with the space you are after
by removing the home from the section, whilst also putting cash in your pocket. While demolishing a building can be a
costly affair, selling a home for relocation kills two birds with one stone - it removes the house from the land
allowing you to rebuild, develop or subdivide, and put money in your pocket towards the project.
Furthermore, relocating homes helps with the Auckland housing crisis by feeding into the demand for housing. It provides
another entry into the supply chain providing you with a cash incentive to help potential first home buyers find their
way onto the property ladder. As we addressed earlier in this article, fixing the supply is paramount to getting the
city out of a housing crisis, so why not help others find financial stability through property ownership whilst making a
tidy profit for yourself?Removal Homes Are Auckland’s Home Relocation Experts.
Selling homes for relocation is a huge step in fixing the supply issue for Auckland’s housing crisis. Removable Homes
take care of the entire process, appraising your home, purchasing, and providing all the logistics to have it removed
from your property either onto our yard or directly to its new destination. We pay a fair price for homes and allow you
to sit back and relax while we take care of all the challenges of relocating your house, no matter the size or
complexity. For more information about selling your home for relocation, visit www.removalhomes.co.nz.