Who Is Eligible For Special Housing Area Houses?
To help combat Auckland’s housing crisis, Special Housing Areas (SHAs) have been established across the city where fast-track development of housing (including affordable housing) can take place. SHAs were set up to speed up the supply of housing as agreed in a Housing Accord between the Auckland Council and central government.
Special Housing Areas (SHA) are a tool provided for within the council’s agreement to provide more housing to meet the considerable demand particularly in the main centres. Key to these areas been designated SHA status is the requirement that developers provide at least 10% of affordable housing within their development. Compared to other houses on the market, affordable houses are required to be sold for no more than 75 % of the Auckland region median house price. For example, at Hobsonville Point the percentage of affordable homes is 20 per cent, and those houses are priced below $580,000 so they can be bought by people who earn the average Auckland wage.
Eligible purchasers of a relative affordable dwelling in a Special Housing Area are those persons who can sign a declaration confirming they:
- Have a gross household income, as at the date of the declaration, which does not exceed 120% of the Auckland median household income as set at the relevant date.
- Have paid a price for the affordable dwelling that is not more than the relative affordable price point of no more than 75% of the Auckland median house price.
- Intend to own and occupy the affordable dwelling exclusively as their residence for no less than three years after gaining title to the dwelling.
- Be a first home buyer and never have owned any other real property.
- Be a natural person purchasing the affordable dwelling in their own name and not in the name of any other person.
So if you think you qualify for these SHA housing options it would be a good idea to be investigating it now. The problem is where are these homes?
As we previously mentioned, Hobsonville Point is building affordable houses. However most of the affordable houses which priced below $550,000 in Hobsonville Point are one or two bedroom apartments. Being able to buy a 3-bedrooms house at an affordable price still is a huge challenge for first home buyers.
These homes have now all sold
This is where Belmont Park Estate can provide options.
Under the SHA agreement the developers at Belmont Park Estate are required to sell three bedrooms freehold houses at a maximum of $578,250. This means there is a window of opportunity for first home buyers to buy a family sized home at a price below market value.
About Belmont Park Estate
Located near the Pukekohe town centre, Belmont Park Estate offers a relaxed country lifestyle with town conveniences on your doorstep. Pukekohe is a fast-growing area with excellent schools, supermarket, childcare and medical facilities, all within several kilometers. Access to the southern motorway is only 10 minutes away making easy connections to Manukau City Centre (25 minutes), Auckland CBD (45 minutes) or Hamilton (65 minutes). A regular train service connects Pukekohe with Papakura through to Central Auckland.
Mecca Homes has partnered with Belmont Park Estate to proudly provide 12 affordable houses to satisfy the needs from middle and low-income households. The construction work for Belmont affordable houses will start in 2017 with title issued in September 2017. The 12 affordable houses are available to purchase off the plan now.
REGISTER YOUR INTEREST IN BELMONT, PUKEKOHE
$578,250 for a superior house and land package
The Belmont Special Housing Area offers affordable 3-bedrooms, 2-bathrooms, double story duplex with superior locations, trendy design and quality construction. The two level duplex delivers a total floor area of 137m, noticeably larger than most other affordable home designs on the market today. The bedrooms are spacious and are able to incorporate a second bathroom.
The titles for the land are scheduled to be issued in September 2017 with building commencing immediately thereafter.
We are able to help in determining whether you meet the criteria to qualify, only 10% of deposit required upon contract signing.
May 25, 2017 Blog