KiwiBuild comes to the South Island

Online pre-qualification opens for first KiwiBuild homes
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KiwiBuild comes to the South
Island

Minister of Housing and Urban Development
Phil Twyford today announced the first South Island
KiwiBuild development in Wanaka, where there will be 211
KiwiBuild homes built over the next two years.

Ballots
will open on October 8th for the first 10 of these homes in
the Northlake development.

Phil Twyford said KiwiBuild is
restoring the Kiwi dream of home ownership to thousands of
families who have been priced out of the housing market in
the Queenstown Lakes district and across the
country.

“For first home buyers who have been locked out
of the market, KiwiBuild is providing the chance to buy an
affordable modest, starter home in one of the most beautiful
parts of New Zealand.”

Queenstown Lakes is one of the
fastest-growing districts in New Zealand, and, with the
highest median house price in New Zealand, has faced major
housing affordability challenges.

“In August, we raised
the HomeStart and Welcome Home Loan price caps for
Queenstown Lakes to $650,000 for new builds, bringing them
in line with KiwiBuild. Our Government is taking a
comprehensive approach to assisting first-home buyers in one
of our least affordable areas,” said Phil Twyford.

The
Northlake development is a master-planned community adjacent
to Wanaka township, which will comprise over 800 homes.
Northlake will also have its own village centre, with shops,
playground, childcare and healthcare centres, dining options
and small business office space.

The first 10 KiwiBuild
homes to be balloted at Northlake include four two-bedroom
and six three-bedroom modern standalone homes, all fully
landscaped with off-street parking and a Fisher & Paykel
home appliance package. Built in durable, low maintenance
materials and colours which reflect the natural beauty of
the Wanaka area, the homes are backed by a 10-year Master
Build guarantee. Prices for these homes range from $565,000
to $650,000.

Only eligible, pre-qualified buyers can enter
the ballots for these apartments, so anyone interested in
the KiwiBuild homes at Northlake should visit the KiwiBuild
website and begin the pre-qualification process.



Information for
editors:

KiwiBuild
eligibility

To ensure KiwiBuild homes go to the
people they are intended for, applicants must:

Be a first-time buyer or a ‘second chancer’

Have an income of less than $120,000 for a single buyer, or
no more than $180,000 for more than one purchaser,

Be a New Zealand citizen or permanent resident, or a
resident visa holder who is ‘ordinarily resident in New
Zealand’,
• And intend to own and live in the
home as their primary place of residence for at least three
years.

Pre-qualification
requirements

The online pre-qualification
process will ask for specific documentation certified by an
authorised person (e.g. Justice of the Peace, lawyer, etc)
including:
• Proof of
citizenship/residency
• Proof of income

Financial pre-approval from a bank or other lender

Statutory declaration signed by an authorised person (e.g. a
Justice of the Peace, lawyer)


© Scoop Media

 



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