More state houses to be sold in city

One of the nine state houses that have so far been sold by Housing New Zealand in Dunedin. Photo by ODT.
One of the nine state houses that have so far been sold by Housing New Zealand in Dunedin. Photo by ODT.
Housing New Zealand Corporation is preparing to sell another batch of Dunedin state houses.

The Government department has sold nine properties so far in Dunedin under its FirstHome scheme, where eligible buyers are given a 10% deposit of up to $20,000.

General Manager Governance at Housing New Zealand Greg Groufsky said the corporation had already sold nine properties in Dunedin, ranging in price from $123,000 to $270,000.

''We're delighted with the programme's success. It's a great way for first-home buyers to get into the market.''

He said three more properties were about to go on the market and a further nine were ''in the pipeline for consideration''.

He said the corporation had demand for small houses and larger properties with four bedrooms or more, so the houses being sold were mostly three bedroom ones.

Four of the properties have been sold to HNZC tenants.

To be eligible, prospective single-income buyers had to earn less than $53,000 a year or less than $80,600 for a two-income couple or family.

If no eligible buyers purchased a house, it would be listed on the open market after three months.

- Dan Hutchinson

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