About the KiwiBuild programme
First home buyers are having difficulty finding property in areas like Auckland and other parts of New Zealand where there is a huge unmet need for affordable homes.
For the last 10 years, housing in New Zealand has outstripped supply. Home ownership rates have fallen from around 74 percent in 1991 to 63 percent today, and a generation of New Zealanders have been locked out of the housing market.
KiwiBuild is about restoring the dream of home ownership to families throughout New Zealand, by providing eligible first home buyers with exclusive access to a range of fixed price modest starter homes. KiwiBuild does this by supporting developers to build more quality, affordable houses, and connecting them with eligible KiwiBuild buyers through a ballot process.
KiwiBuild has three core aims:
- increase home ownership in New Zealand.
- increase the supply of affordable homes in parts of New Zealand where there is a shortage.
- use government procurement to foster innovation and reduce the cost of building new homes.
November 30, 2018