First-homebuyer assistance boosted for Queenstown district

Aug 31, 2018 | News

“Queenstown Lakes District has the highest median house price in New Zealand, so it makes sense that it also has the highest HomeStart house price cap, alongside Auckland, to give buyers a fair chance at accessing the grant,” Phil Twyford said.

“The previous HomeStart price caps of $500,000 for existing homes and $550,000 for new builds for Queenstown Lakes District meant that it was virtually impossible for first-home buyers to access the grants.

“Only 7% of all house sales in Queenstown Lakes were below $550,000 in the year to March 2018. By comparison, 23% of house sales in Auckland were below its $650,000 HomeStart new build price cap, and between 24% and 99% of house sales were below the price cap in other Territorial Authorities.

“I’m pleased that we’re able to make this adjustment for Queenstown, to open up access to Government assistance to more first-home buyers in one of our most expensive areas for purchasing a home.

“These changes are the result of a request from National’s local Clutha-Southland MP Hamish Walker, who wrote to me highlighting the discrepancy between Auckland and Queenstown’s HomeStart price caps.

“The majority of grants currently paid out in Queenstown Lakes are for new builds so this adjustment to the price caps is also expected to complement housing supply, particularly as our KiwiBuild programme ramps up,” Phil Twyford said.

The changes to the HomeStart and Welcome Home Loan house price caps for Queenstown Lakes District will come into effect from Monday 17 September 2018.

Read the story on Scoop here.

Recent articles

Community Housing Aotearoa (CHA) Newsletter 22 August 2022

Community Housing Aotearoa (CHA) Newsletter 22 August 2022

Welcome new CHA team members, Newsroom opinion piece: Unlocking home ownership, Podcast out now, Our Conference is coming back, CHA Comms lead wins journalism award, Tenancy Management Code of Practice, Research Webinar, Sustaining tenancies or swift evictions? Job...

Community Housing Aotearoa (CHA) Newsletter 8 August 2022

Community Housing Aotearoa (CHA) Newsletter 8 August 2022

Development Pipeline Platform, Climate Change policy, MBIE and MHUD Building for Climate Change program, Powerful Partners (International delegation visit) Power Housing Australia, Right at Home episode two: Progressive Home Ownership, Council collaboration paves way...

Annual Report

CHA’s 2020/21 Annual Report

CHA’s 2020/21 Annual Report

Strategic Plan

CHA’s 2022-2023 Strategic Workplan

CHA’s 2022-2023 Strategic Workplan

Featured Network

Residential Tenancies Act Community of Practice

Residential Tenancies Act Community of Practice

Our Place

Our Place Report 2017

Our Place Report 2017

Case Studies

Media Releases

News

How community housing can mend our fraying fabric

NZ's social housing register has quadrupled in size since 2017 and big changes to mindsets over house building and housing affordability are needed, writes Community Housing Aotearoa chief executive Vic Crockford in The Newsroom. Click here to read more. 

Anti-Social Behaviour notes Nov 21

Tenants Protection Association (Chch) Inc. Notes for presentation at Tenancy Management Community of Practice Nov 2021 Anti-Social Behaviour notes Nov 21

Newsletters

Community Housing Aotearoa (CHA) Newsletter 22 August 2022

Welcome new CHA team members, Newsroom opinion piece: Unlocking home ownership, Podcast out now, Our Conference is coming back, CHA Comms lead wins journalism award, Tenancy Management Code of Practice, Research Webinar, Sustaining tenancies or swift evictions? Job...

Community Housing Aotearoa (CHA) Newsletter 8 August 2022

Development Pipeline Platform, Climate Change policy, MBIE and MHUD Building for Climate Change program, Powerful Partners (International delegation visit) Power Housing Australia, Right at Home episode two: Progressive Home Ownership, Council collaboration paves way...

Community Housing Aotearoa (CHA) Newsletter 25 July 2022

We pay tribute to Ricky Houghton's lifetime work legacy, a great  well respected leader a huge loss for our sector and Tai Tokerau community, Acknowledgement and farewell to Bernie Smith another strong leader and advocate all the best on your new journey,...

Community Housing Aotearoa newsletter 11 July 2022

Our CEO Vic Crockford reflects on matariki and the current situation with Covid. Our new Community Housing Aotearoa podcast is out - with the first episode featuring interviews with Dwell Housing Trust and CORT's respective chief executives and Penina Housing Trust...

Community Housing Aotearoa newsletter 27 June 2022

Our CEO Vic Crockford reflects on our past, while looking forward, Dwell Housing Trust's board is recognised for their sterling efforts, new research highlights NZ's ongoing housing challenges. Upcoming events include; the Community Housing Aotearoa MSD Training...

Submissions

Legislation

Reports

Research

Community Housing Aotearoa

Contact Us

Contact Info

Level 11, Ranchhod Tower,
39 The Terrace /
102-112 Lambton Quay
PO Box 11543
Wellington 6142

+04 385 8722

support@communityhousing.org.nz

Follow On