Find out how an extra 7000 people are going to fit into Kiama

Phill Balding that is BS it is 5000 next coupel of years. Read a papre. Also not enough builders, completeion rates slow, and building materials on the rise.

Douglas Faulkner no. I read kiamas housing strategy out for consultation now, its 180 pa. Current high costs is exactly why we should build thousands more in Kiama – where willingness to pay is higher than costs. Not the case in Nowra, they can’t pull out weight.

Douglas Faulkner people drive into kiama for work because they can’t afford to live there. Building more housing region wide eases prices

Phill Balding you have to be joking more houses here just push the prices up. haven’t seen prices dropping anywhere else. Most of the units, housing devlopments here are not cheap, and at current market price, and often snapped up by investors which keeps prices high and owner occupiers out!. I’m also not talking about working in Kiama. I’m talking about where are the jobs in the Illawarra to support this massive influx of people, and the supportive infrastructure? Geez everytime we have an East Coast Low, like last week sewage spills out, drains can’t cope, not tomention the power outages, and mobile blackspots!

Douglas Faulkner increasing supply has a downward pressure on prices. New housing is always expensive, the new tenants free up their older, cheaper home. Nsw have not built anywhere near enough homes over the past 2 decades. Places that are more expensive like kiama are the best places to build more housing – people are willing to pay more than the cost to build. That’s not the case in Nowra, they can’t pull our weight. As for infrastructure, don’t be alarmist. A bit of rain every few years is normal, over a billion people live just fine in monsoon areas.

Phill Balding are you still trying to sell your trickle down theory 🤣

Johnny Greer downward filtering? Not mine, amplifying expert rearch from the nsw productivity commission. Just like how old cars filter down to low income people. Trickle down is a fallacy about money, not goods.

Phill Balding good luck with that. After much frustration I have come to the conclusion that the Government (State & Federal) has no interest in actually reducing house prices.
Band aid schemes to get first home buyers into an already expensive market which in turn keeps prices high confirms this.
Let’s not forget the majority of our states and Federal representatives are actually property investors themselves.

Johnny Greer vic gov have done a tonne, 60 transport and town sites rezoned for tall apartments, a lot more supply. Nsw is a little weak eg kiama only needed 180 homes pa. Vast majority of nsw rezoning was for just 2 storeys. Won’t do much, we have to fight the local opposition to rezoning, even homes nsw says that they struggle to get any social housing approved.

Phill Balding where’s these older, cheaper houses that are being freed up? We bought an old cheap house in Warrawong about 10years ago for $268k. Old houses here are now selling for $700k plus. Not exactly cheap.

Phill Balding you are not getting the point Phil. House prices are not dropping!!! And they won’t so you argument that they will if you build more housing it will is frankly nonsense.
What we are witnessing now is politicians saying they want to solve the housing crisis but in truth they are in cohorts with development lobby who will only release (build) housing when it is profitable.
If they really wanted to help they would freeze migration, remove capital tax benefits along with negative gearing.
Stop foreign investors buying properties under $10 million.
Restrict Air b’nb’s.
Tighten multiple property investment laws should I go on….

As you can see they haven’t. Why? Because there is too much money invested and they are worried only about re-election.

Phill Balding in the words of Darryl Kerrigan “you’re dreamin'”! PS I am not signed up to the “housing crisis” rhetoric, it is, in my opinion a media created hype.