Affordable Housing Options In Auckland
With the recent house prices increases making it increasingly difficult for first home buyers to find affordable housing in Auckland, The First Home Buyer’s Club has compiled the below list to help first home buyers get more information about affordable housing options in Auckland.
Special Housing Areas
The Special Housing Areas (SHAs) were established in 2013 as a way of fast tracking developments that include affordable housing. SHAs required developers to include at least 10% ‘affordable homes’. ‘Affordable’ was defined as being no more than 75% of the median Auckland house price.
This was as an interim measure while the Auckland Unitary Plan was being developed. Some SHAs were disestablished in September 2016 and the last was disestablished in May 2017.
Ultimately only a fraction of those were built or continued under that programme. Other developers chose to continue under the new Unitary Plan that allows for more density housing across Auckland. The thought behind the Unitary Plan is that the higher density will allow developers to meet the market by delivering to a large section of the market, first home buyers that require a lower price point. Hence we are starting to see more terrace houses, apartments and the like come onto the market.
What is the definition of ‘affordable’ housing?
The interpretation of what is considered affordable housing is a very subjective view. Under the SHAs affordable housing was defined as no more than 75% of the Auckland median house price. Many will disagree with what is ‘affordable’, however for the purposes of this list we will define affordable housing as any new build under $650,000. This aligns with the price cap eligibility for KiwiSaver HomeStart grant for new build homes in Auckland. It is also the upper limit for houses proposed under the KiwiBuild housing scheme.
Developers with Auckland housing options under $650,000
If you are a developer with affordable opportunities, please get in touch with us to be listed below.
Featured Listings:
Paerata Rise | $649,500 | 3 Bed | 2 Bathroom
Paerata Rd, Pukekohe
- HomeStart Grant Qualified
- Appliance package including oven, cooktop, and dishwasher
- Driveway, Fencing, Lawn, Patio & Plants
Fixed price house & land deal – including fencing & landscaping.
With three bedrooms, two bathrooms, single garage including Fisher & Paykel appliances, paths, patios and driveways…this is your first step on the property ladder.
Contact:
Twin Parks | $579,000 | 2 Bedroom | 1 Bathroom
O’Kawa Avenue, Papakura
- HomeStart Grant Qualified
- Open plan Kitchen, Dining & Living area
- Tiled floors to Kitchen & Bathroom
- Driveway, Fencing, Lawn, Patio & Plants
- Weatherboard & Brick exterior
Architecturally designed 2 bedroom terrace houses featuring open plan kitchen, dining, family area.
Large outdoor entertainment area, quality fittings throughout including tiled Kitchen area, carpeted bedrooms, tiled Bathroom and WC.
Contact:
Bartell Block | $592,000 | 4 Bedroom | 2 Bathroom | 2 Car Garage
Pokeno
New development in Pokeno offering real value for families. This House & Land package features a 4 bedroom Home with open plan living & an island style kitchen. The package also includes Fisher & Paykel appliances, alarm, driveway & patio, clothesline, letterbox, fences & gates. (Be in quick sections selling fast)
Contact:
Auckland Affordable Housing
Bellfield Road | Papakura
FABRIC of Onehunga | Onehunga
O.K.L.A | Albany
Onehunga Bay Terraces | Onehunga
Kerepeti | Hobsonville
Tuatahi | Mt Albert
Set | Avondale
Bernoulli Gardens | Hobsonville
www.ockham.co.nz/bernoulli-gardens
Obsidian Apartments | Three Kings
Middlemore Homes | Mangere East
Northcote Development | Northcote
www.northcotedevelopment.co.nz
