Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search


Online pre-qualification opens for first KiwiBuild homes

13 August 2018

Owning an affordable starter home is a step closer for eligible New Zealanders with the launch of KiwiBuild’s new online pre-qualification portal today.

First-time buyers and ‘second chancers’ can apply online to the KiwiBuild Unit to determine if they are eligible to enter a ballot to purchase a KiwiBuild home. The launch of the pre-qualification system comes ahead of a limited release of KiwiBuild homes in Papakura, Auckland.

“The online portal is now live and that represents an important milestone for the KiwiBuild programme,” says Head of KiwiBuild, Stephen Barclay.

“It’s the first opportunity for New Zealanders to have a look at the pre-qualification system.

“There is no rush to pre-qualify for a KiwiBuild home. My advice is to familiarise yourself with the system, get a better understanding of the information you’ll need to provide us with, and obtain some financial advice as well.

“The best time to enter the pre-qualification stage is when a KiwiBuild development becomes available in an area where you would like to live. Submit your details and supporting documentation to the secure online portal at kiwibuild.govt.nz and then we’ll be in touch to let you know if you have qualified to enter a ballot.

“KiwiBuild will give you plenty of time to pre-qualify, view homes and make an informed decision about becoming a homeowner. Make sure you’ve registered with us at kiwibuild.govt.nz and we’ll keep you up-to-date with new developments as they come to market.

“It’s important to remember that buying a KiwiBuild home is similar to buying a home on the open market and people will need to go through the same process as any first home buyer,” says Mr Barclay.

“KiwiBuild homes are more affordable but your mortgage provider will still require a deposit and be satisfied that you can afford a mortgage.

“Purchasing a home is one of the biggest financial decisions most people will ever make. While the KiwiBuild programme will make the process of buying a home as easy as possible, people need to carefully consider if home ownership is a commitment they are ready to make.”

In the first year KiwiBuild will deliver 1000 homes, another 5000 by June 2020, and 10,000 in 2021. The initial focus will be on areas with high housing demand and affordability pressures including Auckland, Wellington, Hamilton, Napier-Hastings, Queenstown-Lakes District, Tauranga, Whangarei District and Nelson-Tasman.

To ensure these KiwiBuild homes go to the people for whom they are intended, applicants must also:
• Be a first-time buyer or a ‘second chancer’
• Have an income of less than $120,000 for a single applicant, or no more than $180,000 for more than one purchaser
• Be a New Zealand permanent resident or citizen, or a resident visa holder who is ‘ordinarily resident in New Zealand’
• Intend to live in the home as their main place of residence for at least three years

The online pre-qualification process will ask for specific documentation including:
• Proof of residency
• Proof of income
• Statutory declaration signed by an authorised person (e.g. a Justice of the Peace, lawyer)
• Financial pre-approval from a bank or other lender
For more information go to www.kiwibuild.govt.nz


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Another Reason To Loathe HR Departments (And On The Teachers Strike)

This morning’s news item about Police emergency call centre staff turning up for work while they’re sick – because they’re afraid their sick leave statistics will be used against them, and their jobs put in jeopardy – is not an isolated case...

Obviously, sick people shouldn’t be being treated by doctors and nurses who are themselves sick and potentially infectious. Similarly, Police emergency calls also need to be fielded by people who’re feeling alert, and on top of their game. More>>


MPs' Computers To Be Searched: Inquiry Into Leak On Simon Bridges' Expenses

An inquiry has been launched to find out who leaked the National Party's expenses to the media... Parliament's speaker, Trevor Mallard, said a Queen's Counsel would lead the inquiry with the help of an employment lawyer and also someone with forensic IT skills. More>>


Teachers Strike: Nationwide Rallies And Marches

Teachers and principals voted for a full day strike to be held on 15 August to send a strong message to the Government that the current collective agreement offers from the Ministry of Education would not fix the crisis in teaching. More>>


Wellington.Scoop: City Council Ends Its Support For Jackson’s Movie Museum

The Wellington City Council and the Movie Museum Limited have today announced a mutually-agreed parting of the ways for a joint project between the Council’s Convention Centre and TMML’s Movie Museum... Both parties remain optimistic for the future of their respective projects. More>>

Pay Equity: Historic Settlement For Education Support Workers

The New Zealand Educational Institute (NZEI) and the Ministry of Education today signed Terms of Settlement to address a pay equity claim for 329 support workers who work with very young children in early childhood and primary schools. More>>


Gordon Campbell: On The Stereotypes About Jacinda Ardern

Routinely, female politicians get depicted as either show ponies or battle axes, with little room for anything else in between. .. More>>

Weekend Interviews: "Discriminatory And Racist" Aussie Deportations

The former president of Australia’s Human Rights Commission Gillian Triggs says deportations have risen dramatically in Australia since 2014 when ministers and ministerial delegates were given the power to cancel visas - and half of those being deported are New Zealanders. "These are massive numbers, actually escalating dramatically."... More>>


Legal Challenge: Prisoner Has 9 Boxes Of Documents Seized

Human rights organisation People Against Prisons Aotearoa says a prisoner they advocate for has had 9 boxes of legal documents seized from him just days before his case against the Department of Corrections was to be heard. More>>

Single-Use Plastic Bags: Govt To Phase Them Out

Single-use plastic shopping bags will be phased out over the next year, Prime Minister Jacinda Ardern and Associate Environment Minister Eugenie Sage announced today. More>>





Featured InfoPages