It’s hard to say exactly how many people have lived in a house they’ve built themselves.
It’s easy to assume the number is a fraction of the people living in the houses they do buy, and the number of homes built by the country’s most expensive builder.
But a new report from property website Property Insights suggests the number could be as high as 25 per cent.
It’s been a trend, says property expert Matthew Hockett, but not an absolute number.
“I’d like to see some kind of benchmark, where you could look at the percentage of homes that were built by a country builder,” he says.
Hockett says this kind of property-related research would be very useful for policymakers, but also for buyers.””
That would give us a baseline of what country builders actually do.”
Hockett says this kind of property-related research would be very useful for policymakers, but also for buyers.
“There’s a lot of interest in whether we should build more of these new-build houses, but there’s also interest in how much they cost and how much we can get from them,” he explains.
“It’s a very good idea to ask questions like, ‘What are the costs, what are the returns to the taxpayer?’.”
To do this, Property Insight uses data on the building of new homes, as well as information on land values and land ownership.
It then compares this data to estimates from the Census of Australian Capital Territory, the Bureau of Statistics’ national land survey.
Hocketts says the bureau’s data shows that Australia has a strong correlation between land values, and housing demand.
“When we have lots of housing in a place, you’ll tend to see a strong increase in property values,” he said.
“But if you’re talking about a country-wide trend in property prices, you can see the opposite.”
What you need to know about house prices is here The survey also looked at the number and type of houses built by different builders.
“The number of houses by a builder varies from one year to the next,” Hocketts said.
It includes all types of homes, including detached homes, townhouses, multi-unit dwellings and apartments.
“So there are all sorts of things you can look at, like, are the new-built houses being built for people with a lower income, are they being built by older people, are there different kinds of people in the population?” he said.
“It’s not a perfect measure of the number, but it does give a general idea of where new-home demand is.”
What’s interesting about the data is that it includes all sorts, from the smallest, to the biggest and most complex, so it’s useful for those who are interested in looking at that data.
“Property Insights data shows a clear correlation between the size of the houses being bought and the value of land.”
You can look out and see that the more houses you buy, the more land you’re getting,” Hocksetts said.”
So it’s not just a case of, ‘Oh, well, it’s cheaper to buy houses on land than on water’.
It’s a case that there’s an increase in the value, but the land value goes up as well.
“Property data from the Bureau’s National Housing Information (NHI) is a useful tool, but Property Insess looks at the data on a broader scale, looking at the land values.”
A lot of that land is currently underutilised, which means that the land is not being used, so what you’re seeing is people taking advantage of that,” Hockerett said.
The number and value of houses being purchased can be used to assess the need for new homes.”
If you’re looking at land values then there’s a correlation there, and you can’t really measure it at a macro level, but you can use the data from that to see what kind of house that house is, or what kind is necessary to provide that house,” Hockingetts said, “And that can tell you what type of house is going to be needed, and how it’s going to fit in.
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