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Agreement signed with Ngati Whatua o Kaipara for housing development

Published: Wednesday 18 May 2016

An MOU has been signed between Ngāti Whātua o Kaipara, the Hobsonville Land Company and the Ministry of Business, Innovation and Employment for housing developments in north-west Auckland.
“The first development to progress with Ngāti Whātua o Kaipara will be the nine hectare Village Precinct in Hobsonville of 400 homes. The subdivision is to proceed next summer with the first homes to be completed in early 2018.
“The development has a strong affordability element, with eighty per cent having to meet specific price points. Fifteen per cent are required to be below $450,000, 7.5 per cent below $500,000 and 7.5 per cent below $550,000.
These thirty per cent affordable homes under the Axis Series programme will be sold to owner occupiers and at least fifty per cent of these will go to first home buyers. The remaining fifty per cent will be sold below Auckland’s median house price.
Also being explored is a development agreement involving Ngāti Whātua o Kaipara, the Hobsonville Land Company and MBIE on 18 hectares of New Zealand Transport Agency (NZTA) owned land in Brigham Creek Road. MBIE has reached a preliminary agreement with NZTA on purchasing this land for the Crown Land programme and it is currently being subjected to due diligence. Other sites in north-west Auckland are also being explored.

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Last modified: May 18, 2016

 


 

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