Sue Hall

"My reputation is your guarantee"

"If anyone is looking for an excellent no nonsense Real Estate Agent, then look no further than Sue Hall - She’s the one! Her knowledge of the Real Estate industry is invaluable. Sue always goes that extra mile, willing to meet with you any time of the day or night. Sue sold me my first home in 2010 and since then..."

- Vikki Seaman

" Sue Hall You've done it again Sue! Sold another home for us in a very professional manner, kept us informed throughout the process and done so in a caring way. We couldn't have asked for more. Thank you Sue!! "

- Sonny and Eileen
More testimonials »

KiwiBuild Revisited

18th Sep 19

Housing Minister Megan Woods has announced a reset of the KiwiBuild scheme.

The target to construct 100,000 KiwiBuild homes in 10 years has been dropped.  "We will be dropping the target of 100,000 houses over 10 years. It was overly ambitious and led to contracts being signed in places where there was little first home buyer demand", Woods said.  Instead, the Government plans to build as many homes as it can, as fast as it's able to – Measuring its success on a housing dashboard.

Woods further stated "We are clearing the decks of what hasn't worked."  The KiwiBuild homes that have been built in areas with little first buyer demand (Te Kauwhata, Canterbury and Wanaka) will put back on the open market, allowing the Government to use that money to build houses in places with more demand.  "When policies aren't working, we are honest about that and we fix them" said Woods.

The guidelines and thresholds around accessing KiwiBuild assistance have also been revisited including the required deposit being dropped from 10% to 5% and further changes which allow groups and multigenerational families to access assistance.

There are also plans to bring in a Progressive Ownership scheme. Exact details are vague at this stage, as the scheme is yet to be put before Parliament however it is thought that it will include third parties providing rental homes at lower rents as part of a rent to buy scheme and, a return to the historic role of the Government, by providing Kiwi families opportunities to own their own homes, as the Government did back in the 1980's.

From the KiwiBuild Appropriation Fund, $400 million has been set aside to help with the Progressive Ownership scheme. In the past, low interest rate mortgages through State Advanced loans and capitalisation of the universal family benefit provided a strong pathway to home ownership for many New Zealanders - It's how many Kiwi families got into home ownership. In the 1990's the assistance provided by the state fell away and not surprisingly, New Zealand's rate of home ownership began a long term decline.

The Progressive Homeownership scheme will be before cabinet by the end of this year.

It is estimated that the changes will allow an extra 2,500 - 4,000 people to get into home ownership.

 

For Minister Megan Woods announcement and more information, please visit the NZ Herald.

 

^ top
Filed under Hamilton / Waikato \ Real Estate

Related posts

Leave a comment

Fields marked * are required

Sue Hall's Blog

How is the Real Estate Market looking following Covid-19?

Though it is always difficult to have a crystal ball when it comes to predicting the real estate market, there are several historical factors we can look at when evaluating the market moving forward.  A number of comments in this blog have come from trusted sources and experiences of those who have had lengthy careers in the Real Estate industry, including working through the previous Global Financial Crisis.

Read More »

Covid-19 and Your Property - What You Need to Know

For answers to the frequently asked questions regarding Covid-19 and Real Estate, please visit this informative article from Lodge Real Estate.

Read More »

Balloons Over Waikato 2020

It was with extreme disappointment and heavy hearts that the organisers of Balloons Over Waikato announced that all public events, including morning inflation and the Nightglow have been cancelled. "As per the Government recommendations in regards to mass gatherings, Balloons over Waikato have made the decision to cancel public attendance at Innes Common for morning flying, The University of Waikato for Nightglow, and all other sub events associated with the Festival."

Read More »

Ruakura Inland Port Set To Open In Two Years

An inland port the size of Auckland's CBD in Hamilton is one step closer with Tainui Group Holdings and Port of Tauranga joining forces to open at Ruakura within two years.

Read More »

Waitangi Day 2020

The 6th of February every year is Waitangi Day.  This day is the most important marker in New Zealand’s history and commemorates the first signing of Te Ririti o Waitangi, The Treaty of Waitangi. Waitangi Day is a day to reflect on the controversy that surrounds the Treaty of Waitangi – Throughout history and within today’s society, how this has affected all New Zealanders and how it has shaped the country in which we live today.

Read More »

More Blog Articles »