Mountain Scene
By PHILIP CHANDLER
Singles or couples can pay as little as $200,000 to secure assisted home ownership in a new Queenstown apartment building.
Queenstown Lakes Community Housing Trust owns 50 of the 78 units in the first building of the Toru complex below Frankton’s Remarkables Park Town entre, which was completed this week.
The trust’s putting 25 one- and two-bedroom apartments into its ‘secure home’ programme, which this year attracted a government interest-free loan of $6.35 million.
Another 15 are going into public housing, six are being sold on the open market and the balance are being retained as affordable rentals or rent-to-buy units.