Tauranga housing company pays the rent as prices soar

Nov 22, 2018 | News

Ryan Hunt, Managing Director of Highmark Homes, said they identified that the prospect of making payments during the build was a major barrier for customers.

“Often customers are having to pay rent at the same time as servicing debt to start construction, so with rents on the rise, it was a no-brainer to offer our customers assistance where they need it most,” he said.

Hunt said recent figures from Interest.co.nz confirm rental prices are showing no signs of slowing ahead of the typically hectic summer rental period.

“We know that the average rent for new residential tenancies increased by 5.2% nationally in the 12 months to June 2018, easily outstripping wage and general price inflation, and rental prices in Tauranga increased by 5.5% during this period. This is an area where we can take some pressure off customers who may find it difficult to build otherwise.”

Jim and Caryl Jaffray from West Auckland have benefited from the free rent offer when they built their dream home in Papamoa in 2016. They had to rent in Auckland while their new home was being built due to their house selling faster than expected. Highmark Homes covered the majority of their rental costs during the 16 week build.

“It made such a difference and ended up saving us heaps of money,” says Caryl. “We had no hassles, no problems at all and enjoyed the virtual video and photo updates along the way. It was just magic.”

Recent articles

Community Housing Aotearoa (CHA) Newsletter 2 May 2022

Community Housing Aotearoa (CHA) Newsletter 2 May 2022

Human Rights Commission releases troubling indicators on habitability, COVID-19 RESPONSE, First funds released from council housing reserve, Seven-point plan released to tackle cost of living, Community Finance nominated for top industry award, In the News, Events,...

Community Housing Aotearoa (CHA) Newsletter 19 April 2022

Community Housing Aotearoa (CHA) Newsletter 19 April 2022

Haere rā to Brennan Rigby, Manager of Systems Shift, And the Supreme Business Excellence Award goes to…, CHA and Community Finance highlighted as leading housing systems change, Changes to the Healthy Homes Standards finalised, Practical Actions on Climate Change,...

Annual Report

CHA’s 2020/21 Annual Report

CHA’s 2020/21 Annual Report

Strategic Plan

CHA’s Strategic Plan 2018

CHA’s Strategic Plan 2018

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

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

Tenancy Management COP November 2021 summary

tenancy-management-cop-november-2021-summary The final Tenancy Management Community of Practice for 2021 was held via zoom on 11th November 2021. This Community of Practice is relevant for advocates, practitioners, navigators and tenancy managers involved in...

Newsletters

Community Housing Aotearoa (CHA) Newsletter 2 May 2022

Human Rights Commission releases troubling indicators on habitability, COVID-19 RESPONSE, First funds released from council housing reserve, Seven-point plan released to tackle cost of living, Community Finance nominated for top industry award, In the News, Events,...

Community Housing Aotearoa (CHA) Newsletter 19 April 2022

Haere rā to Brennan Rigby, Manager of Systems Shift, And the Supreme Business Excellence Award goes to…, CHA and Community Finance highlighted as leading housing systems change, Changes to the Healthy Homes Standards finalised, Practical Actions on Climate Change,...

Community Housing Aotearoa (CHA) Newsletter 4 April 2022

Welcome to Justin Latif, CHA's new Communications Lead, COVID-19 Response, Ministry for the Environment releases draft National Medium Density Design Guide, Fair Pay Agreement Bill update, Update on the Incorporated Societies Bill, In The News, Events, Community...

Community Housing Aotearoa (CHA) Newsletter 21 March 2022

COVID-19 RESPONSE, From bank overdraft debt repayment plan and into a 'rent-to-own' place of their own, Homelessness Action Plan 18 Month Review, In the News, EVENTS, Sector Call online zoom on Property Management Regulations, Property Council New Zealand -...

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