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Iwi partnerships ramp up housing supply waateanews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from waateanews.com Daily Mail and Mail on Sunday newspapers.
Opinion - The Budget 2021 includes a large spend on housing, with a particular focus on Māori housing, showing that Māori housing advocates have spoken and the government has listened, writes Jade Kake. ....
So how does this stack up? Let’s start with the 1000 new homes. The average build cost for a standard three-bedroom home (according to QV cost builder in December 2020) is $311,500 in Auckland and lower outside of Auckland (for example, $276,500 in Palmerston North). This excludes cost of land, balconies and decks, any increased structural requirements, and landscaping and site works. If we assume a $300,000 cost for a new home, this means that approximately $300m is earmarked for new homes over three years. MONIQUE FORD/Stuff How does that compare with what’s offered currently? The Vote Māori budget 2020 included approximately $33.92m in 2020/21 and $36.87min 2019/20 for Te Kōtuitui Hanga Whare mō ngā Māori (Māori Housing). He Huarahi Ki Te Whare (Home Ownership Pathways) had a separately budgeted $8.3m. ....