AFFORDABLE HOUSING CRESCENT HEAD PRECINCT FOR AFFORDABLE HOUSING
“Working with The Crescent Head Masterplan ”
Paul Hayllar 2019
The Challenge As tourism grows the culture of the small village may disappear
Rental properties become an investment opportunity, but diminishes revitalisation of the community.
We need an option for young home buyers to live and breathe new life into the community.
The challenge is to blend old and new, permanent and rental.
Vacancy Tax * A tax applied to investment holiday homes when vacant. * After an onslaught of foreign owned property was built in Vancouver Canada, prices and rents skyrocketed. * A vacancy tax has been applied that has increased affordable rent. *The market is now becoming more affordable as Investors exit the capital growth market.
The Dream Small houses the size of a caravan, but more permanent and with home luxury.
NBN supplied
Sprinkled through an enclosed secure well landscaped area close to the CBD
Aordable under a mortgage
A central community share area of nature and space.
The key is space and central communal area. Well landscaped and designed with sustainable influences. Sola supply. Battery power. Water tanks Sewerage....optional. Ideas?
How can this improve the community? With ethical and well thought out guidelines this may add to the permanent resident population.
The additional permanent population will improve the local economy immensely.
The additional permanent population may be enough to create essential services, like public transport, improved roads and services.
Well landscaped and unique vibrant and sustainable structures may add to the fabric of the valley and crescent Head.
Why would this be needed? To oset the increasing Investment of holiday homes.
To ensure a family future for the area.
To increase wealth to the valley
To change the direction of the valley to a successful place to invest
To ride on technologies ever expanding future. ( jobs in software, apps, online work. NBN capable)
How? Investment 30 miniature homes
Cost $90k each - total above ground cost = $2700000m
Raising ground and landscaping= ?
Cost to buyer $200000.
Above ground return of $6000000
Investment options
Lease ground and invest in above ground
Purchase land and cost to landscape plus above ground returns.
Purchasing Rules Buyer must be older than 21 years of age
Must have had continuous employment for 3 years or demonstrate university qualifications with tenure going forward.
Must be bank approved purchaser.
Must either work from premises or in The Macleay Valley
2 adults to each home.
Home assistance on this unique location 5 years.
Purchasing Rules The Investment company buys back the property after 5 years for the original price of $200k plus CPI.
The buyer joins the approved strata management and contributes to the funds for ground up keep and maintenance.
Advantages for buyer. Acquires a bank approved loan giving a record of payment.
Pays down a mortgage for appx $210 per week instead of appx $310 per week rent in the area.
Allows an opportunity to save on rent to build a deposit for a larger home after 5 years.
Guaranteed return of original investment.
A unique area to enjoy at low cost.
Advantages for investor Immediate return for above ground investment.
Opportunity to invest with a high rate of return on surplus revenue
Turn over every 5 years.
Ethical credibility.
SUMMARY A COMPACT ESTATE HOUSING PRODUCTIVE PEOPLE. GOOD USE OF LAND AND ESTABLISHING A PERMANENT RESIDENCY. A RETURN FOR AN INVESTOR AND AN OPPORTUNITY FOR A BUYER.