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Ross giblin
The 42-square-meter, one-bedroom property at 46b Camperdown St, Miramar, was on the market with offers for more than $ 745,000.
Ridiculous. Outrageous. Hopeless. These are words used by housing advocates to describe a one-bedroom property in Wellington that was on the market for deals over $ 745,000.
The 42-square-meter Miramar home was described as “perfect for busy singles or couples” on the Ray White real estate group’s listing. Instead, a housing advocate described the house as a “more respectable version” of the recently listed converted shipping container for $ 390 per week in Johnsonville.
A listing agent for Ray White declined to comment while any potential sales were still being finalized, but he thought the asking price was fair.
“They will come or not,” said the agent.
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The listing comes amid record property prices in the Wellington region, with the median home price in the city recently crossing the $ 1 million threshold. However, those properties were typically three- or four-bedroom homes, rather than one-bedroom properties, a housing advocate said.
FLiP Homes designed and built the one bedroom property and two others in the section. COO Paul Swift said the company aimed to build “affordable housing,” but that prices ultimately reflected the housing market.
“It’s a really tough market,” Swift said. “Obviously, it is very, very difficult to climb the property ladder.”
FLiP Homes built houses that were “way above the code” because the company believed that all New Zealanders had the right to a warm and healthy home.
MONIQUE FORD / THINGS
29-year-old Hayden Taylor was told that she should find a partner or friends to contribute if she wanted to buy a home in Wellington.
The listing described that the property had double glazed windows and electric panel heating.
Originally, there was a house in the Miramar section, Swift said. The owner of the section refused to participate in the story.
Renters United spokesman Ashok Jacob said the sale price was exploitative. “It is quite outrageous. It looks small, hastily built and obviously not worth $ 745,000. “
The property appeared to be an attempt to exploit the lack of supply in the real estate market, Jacob said.
ROSA WOODS / Things
Rent should be “affordable, healthy and stable” because home ownership is a goal many can no longer afford, housing advocates say.
Manawatū Tenants Union advocate Ben Schmidt said the government needed to take crisis measures to resolve the housing crisis.
“It’s just ridiculous. No one should have to pay that much money for a basic one-bedroom house. “
Renting as an alternative to homeownership was also not an affordable option, Schmidt said. “Owning a home is great, but people really can’t afford to buy a home right now. And if they rent for the rest of their lives, then that should be a healthy, stable and affordable way of life. “
Councilwoman Rebecca Matthews said owning a home in the city of Wellington had become a fantasy.
“Hopelessness consumes me,” said Matthews. “Home ownership of any kind in the city is becoming something of a lottery prize. Nobody can save at that rate, these things are going up. “
A one-bedroom apartment priced at $ 745,000 was a “visible” effect of the housing crisis. “I’m really worried about the invisible effects, like overcrowding, because people can’t afford a house.”
The house featured a double bedroom with a wardrobe, open-plan living rooms and a private terrace. It was one of two identical properties in the section listed by Ray White. A third property not listed in the section included three bedrooms and an en-suite bathroom.
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