“The development has a strong affordability element, with eighty per cent having to meet specific price points. Fifteen per cent are required to be below $450,000, 7.5 per cent below $500,000 and 7.5 per cent below $550,000.
These thirty per cent affordable homes under the Axis Series programme will be sold to owner occupiers and at least fifty per cent of these will go to first home buyers. The remaining fifty per cent will be sold below Auckland’s median house price.
Also being explored is a development agreement involving Ngāti Whātua o Kaipara, the Hobsonville Land Company and MBIE on 18 hectares of New Zealand Transport Agency (NZTA) owned land in Brigham Creek Road. MBIE has reached a preliminary agreement with NZTA on purchasing this land for the Crown Land programme and it is currently being subjected to due diligence. Other sites in north-west Auckland are also being explored.