Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


$20k grant ‘definitely makes it easier to buy homes sooner’

MEDIA STATEMENT – 25 August 2014


$20k grant ‘definitely makes it easier to buy homes sooner’

- as Jalcon showcases a brand new, efficient housing type at Hobsonville Point -

The $20,000 grant announced by National will definitely make it easier for people to get in to their own homes sooner, says one of Auckland’s biggest residential builders, Jalcon Homes.

At a time when National has promised if re-elected that grants for first-home buyers on modest incomes will be doubled up to $20,000 for a couple buying a newly-built home, Jalcon Homes has also created a new, affordable housing typology at Hobsonville to ensure better use of land.

The imminent release of Jalcon Home’s 39-dwelling ‘Sierra Terraces’ product will contain six 1.5 bedroom, single-level ‘Axis’ homes at $399,000 as well as six two-bedroom, two-storey walk-up apartments at $485,000 each. The development will contain a mix of typologies to provide options for a variety of budgets and needs.

Bruce McKinnon, CEO of Jalcon Homes, says: “This new home style is a new typology for Auckland that has been very successful in Australia. It enables better land utilisation, as we can achieve four homes on a similar area as two would have fitted before, and therefore improve housing affordability.”

“Last year, when the LVR changed, demand all but dried up, but now that it is at 10% and with National’s new announcement, we look forward to satisfying dozens of eager first home buyers, as we have more than 200 registered parties for affordable homes in the new Sierra Terraces precinct.”

Jalcon Homes has to date sold 79 homes at Hobsonville Point, with a further 50 to go onto the market before Christmas, with one quarter of them defined as ‘affordable’ under Government criteria.

ENDS

Jalcon Homes Limited

In 1993 Lindsay Aitken established Jalcon Homes, aiming to build a 100% family-owned company that created beautifully designed architecturally sound homes to accommodate modern living for New Zealand families.

Now based at Laidlaw Business Park on Ormiston Road, East Tamaki, Jalcon Homes is today Auckland’s biggest residential home builder turning over $120 million-$130 million in 2014, and growing: the benchmark for solid, great looking, weather-tight homes.

Over the past 20 years, more than 1,200 families have trusted Jalcon Homes with the construction of their most valuable asset. And, in 2005, at the height of the leaky homes crisis, Jalcon Homes stepped up with a unique 15 Year Weather Tight Warranty to give homeowners peace of mind.


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Housing: Affordability Drops 14%, Driven By Auckland Prices

Housing affordability across New Zealand fell 14 percent in the year ending November 2014, with Auckland’s lack of affordability set to reach levels it hit during the height of the global financial crisis, according to the latest Massey University Home Affordability Report More>>

ALSO:

The Dry: Fonterra Drops Forecast Milk Volumes By 3.3 Percent

Fonterra Cooperative Group, the worlds largest dairy exporter, reduced its milk volume forecast for the 2014-2015 season by 3.3 per cent due to the impact of dry weather on production in recent weeks. More>>

ALSO:

Strike: Lyttelton Port Workers Vote To Escalate Dispute

Members of the Rail and Maritime Transport Union (RMTU) at Lyttelton Port today voted to escalate their industrial action. Around 200 RMTU members have been operating an overtime ban since 17 December and today they endorsed a series of full withdrawals of labour at the port. More>>

ALSO:

Scoop Business: NZ Dollar Falls To 3-Year Low As Investors Favour Greenback

The New Zealand dollar fell to its lowest in more than three years as investors sold euro and bought US dollars, weakening other currencies against the greenback. More>>

ALSO:

Scoop Business: NZ Govt Operating Deficit Smaller Than Expected

The New Zealand’s government’s operating deficit was smaller than expected in the first five months of the financial year as a clampdown on expenditure managed to offset a shortfall in the tax-take from last month’s forecast. More>>

ALSO:

0.8 Percent Annually:
NZ Inflation Falls Below RBNZ's Target

New Zealand's annual pace of inflation slowed to below the Reserve Bank's target band in the final three months of the year, giving governor Graeme Wheeler more room to keep the benchmark interest rate lower for longer.More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news