KiwiBuild ballot in Wanaka extended due to lack of interest

A KiwiBuild ballot in Wanaka has been extended due to the low number of peoele entering the ballot, with some houses having no entries.

ODT: Northlake ballot extended

The South Island’s much-heralded first foray into KiwiBuild home ownership has been a bit of a fizzer — at least so far.

So few prospective homebuyers have entered the ballot for 10 KiwiBuild house and land packages in the Northlake suburb of Wanaka that the developer has asked to extend the ballot period by 10 days.

The ballot was due to close on Thursday.

KiwiBuild senior media adviser Mark Hanson said yesterday 20 ballot entries had been received.

‘‘Some houses have received no entries and the developer has asked us to extend the ballot to Sunday, November 18, to allow for people who they are working with more time to work through their pre-qualification process.’’

Inquiries yesterday did not produce any clear reason for the different levels of interest between Auckland and Wanaka but it is understood many Aucklanders entered the ballot in the final days.

The Northlake KiwiBuild homes were the first announced outside Auckland.

Four two-bedroom and six three-bedroom detached houses costing between $565,000 and $650,000 are in the ballot.

Two bedroom houses and sections for from $565,000 will be tough to afford for many ordinary Kiwis.

Mr Twyford had no comment to make yesterday on the level of interest in Wanaka KiwiBuild homes.

At the time he announced the Wanaka programme, Mr Twyford said the Queenstown-Lakes district had been “absolutely hammered by the housing crisis”.

“So here in Wanaka and Queenstown we’ll be announcing more KiwiBuild homes because we want to give young first-home buyers a crack at affordable home ownership and currently they’re locked out.”

He said there were plans for further KiwiBuild announcements in the Queenstown Lakes district in the coming weeks and months.

Wanaka is a part of the Queenstown Lakes district. KiwiBuild may need to review their intention to do more in the area.

It is not a surprise to see ups and downs in a project like KiwiBuild. It was a grand plan from Labour with a lack of preparation, as if they didn’t think they had a chance of getting into Government.

https://www.facebook.com/NorthlakeWanaka/

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6 Comments

  1. Strong For Life

     /  November 3, 2018

    I am not surprised. I got notification of the Wanaka ballot as I have registered with Kiwi Build mainly out of interest. I think this ballot shows the ridiculous nature of KiwiBuild. Wanaka would be one of the most expensive places to live in New Zealand. It is a glorious location but I doubt it would appeal to many first home buyers. On the other hand, those that win a Wanaka Kiwibuild Lotto, should be able to flick the house on for considerable profit in future.

    Reply
  2. Reply
  3. The Consultant

     /  November 3, 2018

    This might work out well for the Green-Labour government in the future when it’s time for their long hoped for Capital Gains Tax. They can hit people like this from the Kiiwbuild ballot on the following sound basis:
    The Government giveth and the Government taketh away 🙂

    Reply
  4. PDB

     /  November 3, 2018

    PG: “It is not a surprise to see ups and downs in a project like KiwiBuild”

    That would be a pleasant surprise considering all we have is the expected downs and further downs. A nonsense policy looking for a problem to solve.

    We should all be thankful Labour/Greens never got Kiwi-power to the table which would have been far worse for the entire country.

    Reply
  5. Gezza

     /  November 3, 2018

    Mr Twyford had no comment to make yesterday on the level of interest in Wanaka KiwiBuild homes.

    At the time he announced the Wanaka programme, Mr Twyford said the Queenstown-Lakes district had been “absolutely hammered by the housing crisis.

    To be fair to Phil, I can easily see why he would have no comment to make. While he HAS actually managed to score a couple of points here and there lately in Parliament, in general he seems to be mostly a total embarrassment because he comes across so often as a hopelessly Ministerially inadequate peurile git – and appears able to pull that act off so convincingly and effortlessly because, well, he actually is.

    Reply
  6. From Reddit:

    Seems this is a troubled development which has been struggling for some time. Lucky for the developer he found some idiot in Wellington to underwrite a bunch of sales

    https://www.odt.co.nz/regions/wanaka/northlake-family-upset-treatment

    https://thewanakasun.co.nz/news/6981-northlake-residents-feel-duped-developments.html

    Reply

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