KiwiBuild apartments will be more cost-effective
Prime Minister Jacinda Ardern says the Government could build $350,000 apartments for first home buyers.
Documents released to Newshub Nation this week under the Official Information Act reveal KiwiBuild apartments and houses to be priced up to $600,000 in Auckland could still be well out of reach of their target market.
- Sacrificing a few metres of space for better KiwiBuild homes
- Phil Twyford defends KiwiBuild despite Reserve Bank’s criticism
Ms Ardern joined The AM Show to discuss the cost of a KiwiBuild home compared to what people can afford.
She said that while the KiwiBuild home price tag may be a stretch for first time home buyers, there’s a “significant difference” between those prices and what’s on the market.
Ms Ardern says she’s looking at cheaper alternatives which would drastically cut the cost of a home.
We’ve got to start looking at alternatives to the stand-alone home.
“We’re not just talking about stand-alone homes but those that are townhouses, so semi-detached, and apartments we’re able to get at a much more affordable price-bracket.
“There are plenty of first-home buyers who see that as perfectly suitable alternative for them in a growing city environment.”
Watch the full interview with Jacinda Ardern above.
The AM Show with Duncan Garner, Amanda Gillies and Mark Richardson, weekdays 6-9am on RadioLIVE and streaming live to the rova app on Android and iPhone.
Newshub/RadioLIVE.