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Home ownership within reach for more with First Home Partner

NZ_AucklandCBD_Communications_Home ownership within reach for more with First Home Partner

Prospective first home buyers are being encouraged to explore a new ownership model through the First Home Partner Scheme.

The programme has been developed by Kāinga Ora to assist New Zealanders reach their home ownership goals.

It involves Kāinga Ora serving as a third party equity provider to share ownership of a home with a household with the intention for the household to purchase that third party equity stake at a later date and graduate into full home ownership.

The criteria for the First Home Partner programme include:

Minimum 5 per cent deposit required
Equity contribution determined by household/whānau deposit, and home loan
Affordability assessment
Maximum equity contribution of 25 per cent or $200,000 (whichever is lower)
Nationwide
Available once only

The scheme can be used for ‘off the plans’ and brand-new homes. The partnership cannot be accessed to assist with the purchase of only land.

Some of New Zealand’s major banks can provide assistance to prospective purchasers to assess their eligibility. The First Home Partner programme sits alongside the First Home Grant offering that Kāinga Ora offers first home buyers.

Once the home has been purchased under the First Home Partner Scheme, the household will partner with Kāinga Ora to develop a long-term plan to purchase the property outright within 15 years.

Juliet Lichtenstein, Project Sales Manager in the Residential Projects team at Colliers, says the First Home Partnership Scheme will make home ownership more accessible.

“Saving for your first home is one of the hardest things you will ever do. Colliers is delighted to share a range of new homes that have been constructed by experienced developers such as the Templeton Group, Avant Group, and Lamont & Co. in a variety of suburbs across Auckland from Long Bay to Onehunga,” Lichtenstein says.

“These new homes have been approved by Kāinga Ora for the First Home Partner Scheme and include spacious one bedroom apartments, stylish two-bedroom apartments, or terrace homes near amenities with strong connections to transport links.”

Following the recent success of the first educational evening about the First Home Partner Scheme, Colliers is proud to present two further events that will be held at the Colliers head office in Level 23 of the HSBC Tower at 188 Quay Street on 26 October and 17 November starting at 5pm.

“We look forward to meeting more people and walking them through this process to help them achieve their home ownership dream,” Lichtenstein says.


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Juliet Lichtenstein

Associate Director

Auckland CBD

Juliet brings patience, persistence and professionalism to the role of project sales manager, making an unbeatable combination for success. Juliet’s strength is in building a natural rapport that enables a seamless process that delivers results for her clients and purchasers.

Juliet joined Colliers International in 2015 and since then has been involved in multiple projects, including the very successful Alexandra Park project in Epsom, with a gross realisation of $294 million and SKHY, Grafton, with a gross realisation of $56million.

Juliet has a background in residential real estate. Prior to joining Colliers she was a sales consultant in the eastern suburbs of Auckland, which involved listing, marketing, negotiating and selling both at auction and private treaty.

Accomplishments

Projects:

  • Alexandra Park – 100% sold within 21 months, currently under construction.

  • SKHY – over 90% sold to date, stage 1 completed in early 2018 and stage 2 completing August 2019.

Juliet is Colliers International Residential Project Marketing’s number one selling agent in New Zealand with over $350 million sales to date.

Testimonial:   It gives me real pleasure to have the opportunity to convey what a positive experience it has been to be involved in the first stage of purchasing one of the apartments at the proposed Alexandra Park development.  The outstandingly personal and friendly way Juliet Lichtenstein and the team explained the project to us and allowed us to consider what the possibilities might be for us.  Juliet's professional manner has meant that at no time did we feel we overpowered by a slick sales process. We are fortunate to have taken the next step in our lives with such a competent professional.                                      L & D Donaldson June '16

 

 

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