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

Covid-19, 21/9: 1,085 Overall Cases, Auckland Moving to Level 3

14 new cases have been discovered in Auckland. Auckland will move to alert level 3 from 11.59pm on Tuesday night, and stay in level 3 for at least two weeks, Prime Minister Jacinda Ardern has announced. The rest of the country will remain in level 2, but will move from gatherings of 50 up to gatherings of 100... More>>


Gordon Campbell: On the Great Covid Mask Debate, plus a music playlist

Ay caramba. Only yesterday, Otago University epidemiologist Dr Nick Wilson was still feeling it necessary to suggest that the government should maybe make mask-wearing compulsory, in the likes of schools and workplaces. The chronic official reluctance to do so is still something of a puzzle. From the outset of the pandemic right through until Delta arrived... More>>


Government: Counter-Terrorism Bill Returns To Parliament

The Counter-Terrorism Legislation Bill has returned to Parliament for its second reading in an important step towards giving enforcement agencies greater power to protect New Zealanders from terrorist activity... More>>

Trans-Tasman: Quarantine-free travel with Australia to remain suspended for a further 8 weeks
The suspension of quarantine-free travel (QFT) with Australia has been extended, given the current Delta outbreaks, COVID-19 Response Minister Chris Hipkins said today. “When QFT was established with Australia, both our countries had very few recent cases of COVID-19 community transmission... More>>

Auckland: School holidays remain unchanged

School holidays in Auckland will continue to be held at the same time as the rest of the country, starting from Saturday, 2 October, Education Minister Chris Hipkins said today. “I’ve carefully considered advice on the implications of shifting the dates and concluded that on balance, maintaining the status quo is the best course of action... More>>


Power: Bill Changes Bring Fairness To Charges

A key recommendation of an independent panel to make electricity charges fairer across all households will be put in place, the Energy and Resources Minister Megan Woods has announced... More>>

Government: Parks expiry of licenses, WoFs and regos
As a result of the Delta outbreak, driver licences, Warrants of Fitness (WoFs), Certificates of Fitness (CoFs), vehicle licences (‘regos’) and licence endorsements that expired on or after 21 July 2021 will be valid until 30 November 2021, Transport Minister Michael Wood has announced today... More>>

Child Poverty Action Group: Highest jump in weekly benefit numbers since first lockdown

The current lockdown has triggered the largest weekly increase in benefit recipient numbers since the first lockdown last year, and Child Poverty Action Group is concerned the Government isn't doing enough to assist affected families... More>>




InfoPages News Channels