Start delayed on trust homes

Construction of 14 homes bordering Lake Hayes Estate for Queenstown's housing trust has been delayed by at least six months.

Building work on the greenfields site, part of the 21-section Onslow Rd special housing area, was expected to start this month.

But the land's owner, Queenstown Country Club developer Sanderson Group, is not expected to give the Queenstown Lakes Community Housing Trust titles for the 14 sections until early next year after delays in its own development.

The affordable housing project, which is based on successful schemes in Whistler, Colorado and elsewhere, was to have been the trust's first under its ``Secure Home'' programme, as well as being a New Zealand first.

Trust executive officer Julie Scott said a six-home development in Cherwell Lane, in neighbouring Shotover Country, would now take that mantle, with construction expected to start in a fortnight.

But the trust expected to begin marketing the Onslow Rd homes in a few months' time.

``It's disappointing there's been a delay. However, we're grateful we have the ability to pilot the programme at Cherwell Lane instead.''

Under the Secure Homes scheme, homeowners will lease the land beneath their homes from the trust in perpetuity, paying rent of about $6000 a year.

The homes, which will be sold to eligible households on the trust's waiting list, can only be bought and sold in a controlled market.

Any increases in value will be limited to the rate of inflation.


Add a Comment