kiwibuild

kiwibuildThe KiwiBuild Plan

KiwiBuild is part of the Government’s multi-billion dollar work programme to deliver 100,000 new homes within the next 10 years.  KiwiBuild will do this by working with developers to build more quality, affordable houses, and connecting them with eligible KiwiBuild buyers through a ballot process.

Where will the homes be built?

50% of the houses are planned to be built in Auckland.  Outside of Auckland, the initial focus will be on areas with high housing demand and affordability pressures, such as:

  • Wellington
  • Hamilton
  • Napier-Hastings
  • Queenstown-Lakes District
  • Tauranga
  • Whangarei District, and
  • Nelson-Tasman.

The KiwiBuild developments currently in progress are:

  • McLennan, Papakura, Auckland
  • @340, Onehunga, Auckland
  • Northlake, Wanaka

Further KiwiBuild locations are yet to be announced.

How much will they cost?

Stand alone houses in Auckland and Queenstown are price capped at $650,000, with apartments and townhouses under $500,000. Outside Auckland, houses are price capped at $500,000.

Auckland & Queenstown 

  • 1 bedroom – $500,000
  • 2 bedroom – $600,000
  • 3 bedroom – $650,000

Outside Of Auckland & Queenstown

  • All houses capped at $500,000

When will they be built?

Minister of Housing Phil Twyford has stated that the Government aims in their first year to deliver 1000 homes, 5000 the following year and 10,000 in the third.

Who can buy KiwiBuild homes?

  • be a first home buyer, or in a similar financial position as a first home buyer (that is, a ‘second chancer’ (see below)
  • be a New Zealand citizen or a permanent resident, or a resident visa holder who is ‘ordinarily resident in New Zealand’
  • have income of no more than $120,000 for a single purchaser, or no more than $180,000 for more than 1 purchaser
  • intend to own the home for at least 3 years
  • intend to live in the home as their main place of residence for at least 3 years.

How does the Government plan to deliver KiwiBuild?

The KiwiBuild Unit was setup in December 2017 to work with developers and other stakeholders to help with the supply and demand of homes.

It’s responsibilities include:

  • Manage communication and information with the KiwiBuild database.
  • Assist developers in the marketing of available homes.
  • Managing eligibility, pre-qualification and ballot processes for KiwiBuild buyers
  • Related policy development, monitoring and compliance.

 


As the KiwiBuild developments get underway, The First Home Buyers Club will list them here.

Developers wanting to let first home buyers know about their KiwiBuild developments here can get in touch to have their projects listed here. 

@340-Onehunga

340 Onehunga Mall | KiwiBuild

@340 Onehunga Now Available For KiwiBuild Construction has started on the architecturally-designed apartments which are due for completion by August …
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