REINZ Real Estate Magazine - Winter 2021

Page 16

FEATURE

Is kitset housing a silver bullet? It’s a great idea, which has potential to help solve at least some of our property woes, but like most things in life, there is more than one component to the story.

By now, every one of us is surely well-aware that New Zealand has a serious shortage of housing and a related housing-affordability crisis to deal with at the moment as well. In this situation, set against a background of the current global COVID-19 pandemic and the resulting economic uncertainty, lateral thinking has never been more necessary. Luckily, this is something that New Zealand designers and tradespeople are good at. Call it what you will; kitset, prefabricated, or flat-pack housing is one option that has potential to help solve these interrelated problems - at least to some extent. Not surprisingly, it’s increasingly finding favour across the country, especially amongst prospective homeowners who’ve found it difficult and frustrating, trying to get onto the bottom rung of the great Kiwi housing ladder. Various companies, including hardware giant, Bunnings Warehouse, have recently been developing a variety of kitset offerings at various price-points. While many of these packages cater to the growing trend for small and environmentally conscious homes, families in need of more space can generally still find options which will suit them. Unfortunately, land prices in Auckland remain prohibitive, but kitset homes are increasingly popular in the provinces. Wannabe homeowners who expected to be forced to settle for a dingy do-up are finding themselves in pretty, fresh, bright houses where everything is new and built to last. Many designs, found in mainstream kitset ranges come under the MBIE: Ministry of Business, Innovation and Employment’s MultiProof scheme, designed to speed up the construction of new homes. Under this system, standardised designs with certain, modest variations can be pre-approved

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The Real Estate Institute of New Zealand

as complying with the building code. This means consent can be fast-tracked, saving up to three weeks waiting time, and in some cases this means lower consenting costs, as less work is required from the Building Consent Authority. Unfortunately, there is another side to this seemingly hopeful story as the prospect of solving the housing crisis with kitset homes, although promising, is not as straightforward as it seems. Along with a housing shortage, we also have a skills shortage and qualified tradespeople are in very high demand. It’s important to remember that builders alone can’t assemble these packages. Plumbers,


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Articles inside

Pressure from multi-offer situations

4min
pages 61-62

Moving at pace? Make sure you've got a signed Agency Agreement

4min
pages 58-59

You can send staff to training, but you can't make them learn

3min
pages 54-55

5 giving strategies that work

3min
pages 52-53

6 things to think (and be clear about) before buying a real estate business

6min
pages 46-48

Moving in the right direction: Bio-fuels at Z Energy

3min
pages 44-45

eLearning Revolution - The lessons we've learned

2min
page 41

Real Estate Qualification Update

1min
page 40

A snapshot into the world of REINZ data & insights services

3min
page 39

5 ways using Local Suburb Guides can help you become an attraction agent

3min
pages 36-37

REINZ Residential Property Management Training Offerings: The beginner's guide to Property Management

2min
page 34

Managing owners' expectations who are returning to their rental property

3min
pages 32-33

Holiday homes - How the RTA Act 1986 could affect the good old kiwi bach/crib owner

2min
page 31

Digital infrastructure investments boost regional living

5min
pages 22-23

Tengah leads the charge towards the future

4min
pages 18-20

Is kitset housing a silver bullet?

3min
pages 16-17

REINZ announces Jen Baird as new Chief Executive

1min
page 12

Where will the market go now?

3min
page 6

David Weaver talks: Inland Revenue targeting real estate agents

3min
pages 56-62

Money laundering in real estate - Signs and prevention tools

4min
pages 66-68

The bright-line period is extended to 10 years - What does it mean?

6min
pages 63-65

The Emissions Trading Scheme impacts land transactions

4min
pages 26-27

Choosing the right builder for a renovation project

3min
pages 50-55

Ruakura Superhub paves the way in Hamilton renaissance

4min
pages 28-30

Range of measures impacting home ownership receives mixed reception

4min
pages 14-17
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