Minister details balloting for the new homes
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Eligible, pre-qualified KiwiBuild homebuyers can now enter the ballots for the Waikato KiwiBuild homes that are due to open next week.
The first 10 KiwiBuild homes to be balloted at the Lakeside development in Te Kauwhata are two-bedroom modern standalone homes, priced at $480,000 each.
“Te Kauwhata is expected to be a major growth area in North Waikato,” Minister of Housing and Urban Development Phil Twyford said. “That’s why in July, I confirmed $38 million of 10-year interest-free loans to Waikato District Council to support major infrastructure projects around Te Kauwhata to enable the building of more houses.”
The Te Kauwhata development will comprise 1,600 homes, including the 175 KiwiBuild homes. Initial works are already underway and construction of the first 10 KiwiBuild homes will be completed by Christmas 2019.
“This will be a great option for young families who have been locked out of the housing market to live in an area with significant lifestyle benefits,” Twyford said.
The ballot opens on October 29.
