PHOTO: BLUEHAVEN MANAGEMENT – Each two-bedroom home, plus garage, costs just under $200,000, but comes with a $6000 annual lease fee.
Buying a new house in Tauranga for $200,000 minutes from the beach sounds like a fantasy, but it can be done.
Bluehaven Management is building 300 new houses in the Golden Sands development carrying the low price tag.
The secret to the affordable price is the homeowners do not own the land their house sits on – it is leased for 30 years and homeowners pay a $6000 a year fee.
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