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

 

Scoop Business: Fletcher To Close Its Christchurch Insulation Plant, Cut 29 Jobs

Fletcher Building, New Zealand’s largest listed company, will close its Christchurch insulation factory, as it consolidates its Tasman Insulations operations in a “highly competitive market”. More>>

ALSO:

Scoop Business: Novartis Adds Nine New Treatments Under Pharmac Deal

Novartis New Zealand, the local unit of the global pharmaceuticals firm, has added nine new treatments in a far-ranging agreement with government drug buying agency, Pharmac. More>>

ALSO:

Crown Accounts: English Wary On Tax Take, Could Threaten Surplus

Finance Minister Bill English is warning the tax take may come in below forecast in the current financial year, as figures released today confirm it was short by nearly $1 billion in the year to June 30 and English warned of the potential impact of slumping receipts from agricultural exports. More>>

ALSO:

Auckland Outage: Power Mostly Restored Overnight

Vector wishes to advise that all but 324 customers have been restored overnight. These customers are spread throughout the network in small pockets. The main St Johns feeder was restored around midnight allowing most of the customers in all affected areas to have power this morning. More>>

ALSO:

Half Empty: Dairy Prices Drop To Lowest Since August 2009

Dairy product prices fell to the lowest level in more than five years in the latest GlobalDairyTrade auction, led by declines in butter milk powder and whole milk powder. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand

Mosh Social Media
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news