PHOTO: Using a shared-equity scheme, support from local tradespeople and a loan from the owner of a nearby racecar manufacturing business makes the low price possible (file image). Photo: 123RF
A Canterbury trust aims to build and sell 10 houses at less than half the average national price in a bid to bring new skills to a quake-hit town.
The Hurunui Community Development Trust is building a kit-set four bedroom home in Waiau, north of Christchurch, which it is selling for $350,000.
Trust spokesperson Rebekah Kelly said the town needed skilled people to aid its recovery from the 2016 Kaikōura earthquake.
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“Waiau experienced a heck of a shake in an earthquake about four years ago. As part of the recovery from that we got a chance to sit down and make some decisions and set some goals for ourselves around community and how we wanted that to look,” Kelly said.
“One of the goals that we set was to … look at housing in Waiau and how we could encourage some new families to come here.”
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