Shared Ownership could be your chance to own your own home in Auckland for probably less than you think. The programme offers first home buyers a helping hand by providing an opportunity for the buyer and Housing Foundation to share the ownership of a property.
You buy a majority share of the property (usually 60% or more), which makes it more affordable than if you were to buy 100%. We can help you get a mortgage from a bank to buy a share.
Housing Foundation retains ownership of the remaining share (for example, 40%) and both you and Housing Foundation are recorded on the property title as owners until you are able to buy us out. We have done this successfully with hundreds of families and most are able to buy us out after 7 to 10 years.
Because the Housing Foundation is a charitable organisation we have some rules around who we can help.
– Be a New Zealand Citizen or Permanent Resident
– Be a first home buyer
– At least one member of the household in full time employment
– Manageable debt (not including student loans)
– A combined household income $65,000 – $100,000 gross before tax
Puhinui Park is an exciting new development in central Manukau, Auckland. Designed with lifestyle and community in mind, it’s a growing neighbourhood with a beating heart. The prime location means you’re close to the action with shopping, cafes, restaurants and amenities a stone’s throw away.
And transport options are a breeze with trains, planes and motorways in reach. It’s a lovely place to call home with parks, shared spaces and beautiful grounds to enjoy, right on your doorstep.
One and two bedroom apartments at Puhinui Park are selling now. These are an affordable way to get into a new home and into a lifestyle that has a lot to offer. Say goodbye to landlords, rent and lawnmowing. And say hello to easy and secure living.
One-bedroom apartments from $258,000*
Two-bedroom apartments from $348,000*