In New Zealand, a trend which commenced part-way through 2017, sees the real estate market remaining sluggish with only moderate listings and fewer active buyers resulting in extended days on market for many homes but delivering real opportunities for well presented, carefully priced properties. Major recent focus has been around the Government’s endeavours to deliver affordable housing.
This past month it was announced that 3000-4000 low cost homes are going to be built on 29ha of land at Mt Albert, sold to the crown by Auckland tertiary institute Unitec. They will be a mix of public housing, open market houses and homes purpose-built for first time buyers. Housing and Urban Development Minister Phil Twyford says it’s an opportunity to build a whole new community around Unitec and help address Auckland’s housing crisis.
The project is the first phase of the Government's KiwiBuild programme which will deliver 100,000 affordable houses over ten years, half of which will be in Auckland.
