New Christchurch development offers ‘affordable’ homes at $550,000

• Homes deemed “affordable” could cost up to $550,000 at a new Christchurch development.

Ngai Tahu’s development company has agreed to build 180 affordable houses at its 600-home development on 40 hectares west of Riccarton Park Racecourse.

The definition of affordable is up to $550,000, which is the threshold to access the Government’s KiwiSaver HomeStart grant in Christchurch.

READ MORE VIA STUFF

Ngai Tahu’s new development in west Christchurch will be built in stages.