Sue Hall

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" 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

"Just wanted to thank you for making the sale of 53 Carrington Avenue so seamless and stressless. My only regret is that we haven't actually met you yet! But we will make sure to come over and do that before long. Anyway, thanks again for all your great work on our behalf. "

- Trevor & Pauline
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Light at the end of the Tunnel for Hamilton's First Home Buyers?

7th Mar 18

Whenever there is a change in Government, we are left wondering which plans and decisions will be upheld.  Thankfully the Special Housing Areas previously planned for Hamilton are set to continue under a Labour led Government. 

With the Government’s KiwiBuild scheme, there are plans to build 100,000 new, affordable homes over the next ten years.  The majority of those homes will be throughout Auckland however Hamilton has six areas that have proposals pending to become “Special Housing Areas”.  

The change in Government has led to some details being altered, such as whether a Special Housing Area must contain at least 20% or 40% affordable housing.  Other details are yet to be decided and the pricing structure is one of them.  The initial thoughts around pricing saw homes outside of Auckland being priced from $300,000 - $500,000.  However the consensus is that an affordable home is 6.8 times the median household income, which would state that Hamilton’s affordable housing would be priced from $450,000 to $490,000. 

To read more about the opportunity for first home buyers in Hamilton, click here

For more about the KiwiBuild scheme, click here.

 

 

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Filed under Hamilton / Waikato \ Real Estate

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