Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 


Hobsonville highlights HomeStart opportunities

Hon Dr Nick Smith

Minister of Housing

25 August 2014 Media Statement

Hobsonville highlights HomeStart opportunities

A visit to Hobsonville Point was made today by Prime Minister John Key and Housing Minister Dr Nick Smith to highlight the opportunities for the Government's new KiwiSaver HomeStart package to improve home ownership for Aucklanders.

"Hobsonville is just the sort of development where recipients of our new KiwiSaver HomeStart grant will be able to buy their first home. We have up to 3000 new homes coming on-stream here over the next 10 years, of which at least 20 to 25 per cent will be within the new $550,000 house price cap for Auckland under KiwiSaver HomeStart and the Welcome Home Loans," Dr Smith says.

Hobsonville is former Defence Force land that is being developed by Housing New Zealand subsidiary Hobsonville Land Company. The first sod for housing was turned in 2002 by the then-Labour Prime Minister but no further work was carried out as the project became mired in planning disputes.

The National Government revived a housing plan for the land in 2010, and the land was included in one of Auckland's 63 Special Housing Areas under the new Housing Accords and Special Housing Areas Act in 2013. Earthworks were consented a week later and now 444 houses and sections have been sold. A further 350 houses are to be sold in 2014/15 with development partners. Beyond these 3000 houses, there is also a further 2000 proposed on adjacent private land in a Scott’s Point development that has been approved as a Special Housing Area.

The development also includes parks, playgrounds, cycleways, walking tracks, a farmers market and new schools. Last year the Mayor of Auckland and the Prime Minister opened the new ferry terminal and service to downtown Auckland.

“The practical effect of HomeStart at Hobsonville is that a first home buyer can now purchase a three-bedroom house. The previous house price cap of $485,000 meant that first home buyers could not access previous grants or the Welcome Home Loan for the dozens of three-bedroom properties at Hobsonville on sale in the $520,000 $540,000 range,” Dr Smith says.

"The hard part for young people who are on modest incomes and trying to buy into a subdivision like Hobsonville is getting the money together for a deposit. Our KiwiSaver HomeStart means that couples will now have access to a grant of up to $20,000 if they have been in KiwiSaver for five years. They will also have access to a greater portion of their savings in KiwiSaver. A typical couple each earning $50,000 a year will have, with no other savings, a $55,000 deposit and be able to secure a Welcome Home Loan for a $550,000 home.

"I am confident we are going to see hundreds of young Aucklanders accessing the new KiwiSaver HomeStart so they can purchase their first home in Hobsonville. I also expect this development to now advance even faster with the additional buyers in the market.

"An important objective of KiwiSaver HomeStart is to encourage more housing companies to build new houses in the price range affordable to first home buyers. Hobsonville has shown it is possible to provide good quality, more compact housing that is affordable. The flexibility and speed of the Special Housing Areas legislation combined with KiwiSaver HomeStart opens the door to many more developments like Hobsonville across Auckland," Dr Smith concluded.


© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Parliament Kicks Off: Carter Re-Elected Speaker

The 51st Parliament held its commission opening today with MPs sworn in and David Carter elected Speaker.

The day began at 11am with the three Royal Commissioners – the Chief Justice, the Court of Appeal President, and the Chief High Court Judge – declaring the new Parliament open.

After the Commissioners left the Chamber the swearing in of MPs took place in alphabetical order. Unlike some previous openings all MPs managed to swear on the bible or affirm their oath without any hiccups... More>>

 

Labour: Review Team Named, Leadership Campaign Starts

Labour’s New Zealand Council has appointed Bryan Gould as Convenor of its post-General Election Review. He will be joined on the Review Team by Hon Margaret Wilson, Stacey Morrison and Brian Corban.

ALSO:


Roy Morgan Poll: National Slips, Labour Hits Lows

The first New Zealand Roy Morgan Poll since the NZ Election shows National 43.5% (down 3.54% since the September 20 Election). This isn’t unusual, National support has dropped after each of John Key’s Election victories... However, support for the main opposition Labour Party has crashed to 22.5% (down 2.63% and the lowest support for Labour since the 1914 NZ Election as United Labour). More>>

ALSO:

In On First Round: New Zealand Wins Security Council Seat

Prime Minister John Key has welcomed New Zealand securing a place on the United Nations Security Council for the 2015-16 term. More>>

ALSO:

TPP Leak: Intellectual Property Text Confirms Risk - Jane Kelsey

The US is continuing its assault on generic medicines through numerous proposed changes to patent laws. ‘These are bound to impact on Pharmac if they are accepted’, according to Professor Kelsey... Copyright is another area of ongoing sensitivity... More>>

ALSO:

RMA: Smith Plans Reform To Ease Urban Development

Newly appointed Environment Minister Nick Smith has announced Resource Management Act reform to foster urban development, where high land prices and expensive resource consents are blocking efforts to provide affordable housing. More>>>

ALSO:

Gordon Campbell: On New Zealand getting involved (again) in other people's wars

Apparently, the Key government is still pondering how New Zealand will contribute to the fight against Islamic State. Long may it ponder, given the lack of consensus among our allies as to how to fight IS, where to fight it (Syria, Iraq, or both?) and with whose ground troops, pray tell? More>>

ALSO:

Gordon Campbell: On child poverty, and David Shearer’s latest outburst

The politicisation of (a) the public service and (b) the operations of the Official Information Act have been highlighted by the policy advice package on child poverty that RNZ’s resolute political editor Brent Edwards has finally prised out of the Ministry of Social Development. More>>

ALSO:

Gordon Campbell: On the government’s review of security laws

So the Key government is about to launch a four week review of the ability of our existing legislation to deal with “suspected and returning foreign terrorist fighters, and other violent extremists.”

According to its terms of reference, the review will consider whether the SIS, GCSB and Police are sufficiently able right now to (a) investigate and monitor suspected and returning foreign terrorist fighters… More>>

ALSO:

Labour Davids: Lisa Owen Interviews David Shearer

David Shearer still mulling whether to stand for Labour leadership but says his family doesn’t think it’s a good idea. Declares that it will be “incredibly divisive” for the Labour caucus if David Cunliffe returns to the role of leader. More>>

ALSO:

Taser Use & False Evidence: Timaru Officers "Failed To Follow Good Policing Practice"

The Authority found that even if Mr Reuben’s contact with the officer was deliberate it amounted to only a minor assault. While it found the use of the OC spray was justified, the use of the Taser was not a proportionate response... More>>

ALSO:

Little Surprise: Andrew Little To Contest Labour Leadership

I have decided to contest the Labour Party leadership. There are three immediate issues to deal with: creating greater cohesion across the caucus, rebuilding the relationship between caucus and the Party and, most importantly getting the process under way to listen to the voters who have abandoned us... More>>

ALSO:

Two Fewer Votes In Recount: "Positive Result" - Harawira

When I applied for a recount of the votes from the Tai Tokerau election, I made it clear that this application was not aimed at overturning the election result, but ensuring that all votes cast by Maori were treated with due respect, regardless of whether those votes are for Labour, Maori Party or MANA. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news