Here's the information eligible, pre-qualified first-home buyers should know
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The government has unveiled the first KiwiBuild homes for central Wellington.
The Wellington Company has agreed to build a new six-storey apartment building in King Street, Mount Cook. It will contain 44 two-bedroom KiwiBuild units that are expected to be completed by 2020 – each costing between$450,000 and $500,000, according to Housing and Urban Development Minister Phil Twyford.
As part of the same agreement, The Wellington Company will also repurpose a building and laneway on High Street in Lower Hutt. That site will have 20 apartments made up of one one-bedroom, 15 two-bedroom and four three-bedroom homes. They will cost between $390,000 and $500,000.
The minister pointed to a need for affordable homes in Wellington, where house prices have risen more than 10% in the past year – twice the national average. He also noted that nearly 10,000 people had expressed an interest in KiwiBuild homes in the capital city.
“It’s great to see more big names getting on board with KiwiBuild and contracts being finalised,” Twyford added.
