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An Auckland mortgage broker says the KiwiBuild income cap of $180K for households will give Māori families the opportunity to become homeowners, but more needs to be done for urban dwellers.

Kiwibuild’s “plummeting popularity” could spell out Kiwibust for the Government’s flagship policy.

There are only 338 pre-qualified Kiwibuild applicants, while contracts for 3375 houses have been signed off by the Government. It was forced to push out the Kiwibuild ballot deadline in Wanaka, after receiving just 20 entries for 10 homes.

Property developer Alex Cassels was opposed to Kiwibuild. 

Cassels has been developing affordable rental homes in inner-city Wellington, and has no desire to lobby the Government on the issues around Kiwibuild. He would prefer to get stuck in and just do what he can.

He thought the Government was talking a lot – what was needed was people to actually pick up a hammer and a piece of wood, Cassels said. 

Property developer Alex Cassels reckons it is time that people stopped talking about Kiwibuild and someone picked up a hammer and a piece of wood.

ROBERT KITCHIN/STUFF

Property developer Alex Cassels reckons it is time that people stopped talking about Kiwibuild and someone picked up a hammer and a piece of wood.

Which is part of the reason why the initiative was getting no traction and there was low interest in Kiwibuild homes.

“For a vibrant and diverse urban environment you want affordable priced accommodation in close proximities to cities.

Property developer Alex Cassels thinks the Kiwibuild initiative is average.

ROBERT KITCHIN/STUFF

Property developer Alex Cassels thinks the Kiwibuild initiative is average.

Young people want a place to live to start their life journey and we are sending them on that journey with a struggle,” Cassels said.

National Party housing spokeswoman Judith Collins said it was time to question its financial viability.

“If Mr Twyford can’t sell the houses he has bought off the plans, the Government will be forced to pay this money. This will easily blow his $2 billion budget and cause the whole scheme to come crashing down,” Collins said.

The policy was a “complete shambles”, she said.

“Houses are too expensive and too small. The minister isn’t building enough houses, he isn’t selling enough houses, and those few that are sold aren’t going to the people that need them.”………………

Continue reading this article at the original source from Stuff.co.nz

 

 

 

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