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

 

KiwiBuild reaches record numbers in Wellington


Over 200 potential KiwiBuild buyers entered the ballot for 44 KiwiBuild apartments in Wellington’s Monark development, making it the most popular KiwiBuild ballot to date. The Wellington Company and KiwiBuild are now working with them to finalise their purchases.

The apartment development by The Wellington Company will deliver 93 high quality homes in the central Wellington suburb of Mt Cook, bringing much-needed affordable homes to the capital.

Managing Director of The Wellington Company, Ian Cassels, says the heightened interest is a testament to the city itself. “Wellington is an extremely attractive place for people to build their lives, and we’re seeing this reflected across the housing market.” said Cassels.

“For the new generation of first-home buyers coming through, KiwiBuild is helping to make the start of their home-ownership journey in Wellington more accessible.”

Monark Development Director, Earl Hope-Pearson, attributes the popularity of the project to a number of factors. “It’s the unique combination of a fantastic city-fringe location, the heavily discounted price, Wellington’s significant housing demand and delivery by a trusted developer.”

Should any ballot winners choose not to move forward with their purchase, KiwiBuild will redraw the ballot for that home to offer other entrants an opportunity to buy.

The Monark development has a mix of KiwiBuild and open-market apartments. A limited number of open-market apartments in the development remain available to purchase.

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

New Reports: Flood Risk From Rain And Sea Under Climate Change

One report looks at what would happen when rivers are flooded by heavy rain and storms, while the other examines flooding exposure in coastal and harbour areas and how that might change with sea-level rise. More>>

ALSO:

Super Fund/Canada Bid v NZTA: Tow Preferred Bidders For Auckland Light Rail

The two preferred delivery partners for Auckland light rail have been chosen and a final decision on who will build this transformational infrastructure will be made early next year, Minister of Transport Phil Twyford announced. More>>

ALSO:

9.3 Percent: Gender Pay Gap Unchanged Since 2017

“While it has remained flat since 2017, the gender pay gap has been trending down since the series began in 1998, when it was 16.2 percent,” labour market statistics manager Scott Ussher said. More>>

ALSO:

Ex-KPEX: Stuff Pulls Pin On Media Companies' Joint Ad-Buying Business

A four-way automated advertising collaboration between the country's largest media companies is being wound up after one of the four - Australian-owned Stuff - pulled the pin on its involvement as part of a strategic review of its operations ... More>>