Koutu development helping first home buyers
KiwiBuild was established by the Government in 2018 as an initiative to address housing challenges in New Zealand. KiwiBuild works with developers to expedite residential developments and improves access for new home owners at more affordable prices.
The price cap for a KiwiBuild home in Rotorua is $500,000.
“Developments take a significant amount of time, investment and collaboration and we’ve been anticipating an increase in granted consents for some time, so it’s really pleasing to see this momentum taking us into the New Year,” says Rotorua Mayor Steve Chadwick.
“In the past few weeks we have been reminded that the city needs all types of homes, from public to new greenfield developments and higher density builds. The market is responding and that’s great news for 2022.”
Housing is the district’s key challenge and Council is committed to growing the increasing need for new homes of all types. Council is working in partnership with Te Arawa, central Government and local providers, developers and landowners to deliver a coordinated approach to achieving the housing targets set in the 2021-2031 Long-term Plan.
For more information about how Council is working to deliver more housing for Rotorua visit www.rotorualakescouncil.nz/homesforrotorua
For more information about the development visit www.mountviewgreen.co.nz
For more information about KiwiBuild homes, including eligibility criteria, visit www.kiwibuild.govt.nz