Half of KiwiBuild homes snapped up withing one day

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KiwiBuild was always an ambitious policy, and now that he’s in Government, Mr Twyford is tweaking it. The promise was to build 100,000 affordable homes, but the word ‘build’ has gone by the wayside.

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More than half of kiwibuild development proposals still under evaluation Tom Furley, Reporter . The processing of potential KiwiBuild developments is taking longer than the government hoped.

Half of the KiwiBuild houses snapped up within a day. On the go and no time to finish that story right now? Your News is the place for you to save content to read later from any device.

Half of KiwiBuild homes snapped up within one day. Some of the homes being built at Omorokoa. Photos: Daniel Hines.. Half of those were under contract the day after the launch, and with the.

Three quarters of the people who have applied for a KiwiBuild home are from Auckland. But Housing Minister Phil Twyford has set an income cap of $180,000 per year for a couple and $120,000 for an individual. Despite the high level of demand, the Government has a long way to go to make its 10-year target of 100,000 homes. Earlier this month,

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Forecasts before Christmas projected approximately $5bn in KiwiBuild investment over the next five years, but current forecasts estimate around $2.5bn for that same period. Despite this, finance minister Grant Robertson has stated that the Government’s plan to build 100,000 affordable homes within a ten year period has remained unchanged.