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Housing New Zealand reaches 100 mark in First Home Scheme

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13 November 2014

Whanganui first home buyer Wendy Thompson is delighted to be the 100th person to purchase their first home through Housing New Zealand’s First Home Programme.

Wendy, who bought her home in the suburb of Gonville, says she can’t believe she’s now a home owner despite having had no deposit saved.

"I heard about it from a friend at work and thought I could do this, so went ahead and inquired about it. I had no money so without this scheme I would not have been able to do this," she says.

"I have wanted to own a house for a while now and thought I was going to have to wait quite a few years before I would have the money to buy one. The feeling of having my own home is over whelming, but wonderful at the same time.

"To think I can do what I want to this place and have only myself to answer to, it is a great feeling and that makes me more motivated to do stuff.

"This home will now be my family home where I will bring my children up and hopefully my grandchildren, so I plan to do a lot to the place, as in building a garage and establishing the gardens and outside area."

Housing New Zealand’s First Home Scheme is designed for first home buyers on modest incomes, and makes surplus state houses available for sale – along with a 10 per cent grant up to a maximum of $20,000.

Wendy purchased the home for $63,000 after allowing for a grant of $7,000 which was 10 percent of the original purchase price.

Greg Groufsky, Housing New Zealand’s General Manager Governance, describes the programme as "a huge success".

"Through the First Home programme, we’re helping first home buyers take their first steps and get into the market – it’s been a great way to contribute to home affordability in New Zealand and allows us to reinvest funds into areas of high demand for state housing.

"It’s a win-win situation and we’re thrilled with how well the programme’s going."

Click here for more information about the scheme, including where properties have been sold and details on properties for sale.

 

ENDS /........

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