Stuff: ‘Affordable’ $550,000 houses under way at Ngai Tahu’s Hobsonville development

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Ngai Tahu Property has begun construction of its first affordable $550,000 homes homes at Hobsonville, Auckland. The South Island tribe teamed up with the NZ Super Fund and New Ground Capital to fund construction of the first homes before any marketing.

The development is called Kerepeti and is being built on two 1 hectare sites (called Kerewhenua with 111 homes, and Uku with 97 homes). Each site will be comprised of apartments, terrace homes and walk up apartments based on a design by Context architects.

Read the full article on stuff here…

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