Strong demand from Christchurch’s first home buyers as KiwiSaver grants kick in.
First home buyers in the Christchurch suburb of Rolleston are showing strong demand for affordable new homes, as the Beaumont Park residential development in Rolleston starts construction with all but four of the first and second stage titles being sold, and the higher KiwiSaver HomeStart grants kick in.
With the Government’s higher limits around the first time home grants available for new builds now in full swing, Cantabrians are seizing the opportunities presented when grants of around $20,000 are now available to a couple buying a new home and land package at or below $450,000 in Christchurch.
Ben MacGibbon, Senior Development Manager with McConnell Property, says all titles for the first stages of Beaumont Park have now been released by the Selwyn District Council, with the settlement process well underway with new home owners, totalling 49 new homes for Cantabrians. Construction has already begun on three homes, with work to begin on the other 46 homes in the next few months.
MacGibbon says; “The majority of Beaumont Park sales in the past two months have gone to first home buyers, which is really positive to see, but also to those seeking larger sections for a bigger family home. “We’re working closely with group builder partners, such as Stonewood and Mike Greer Homes to ensure Beaumont Park matches the needs of the new home buyers’ market. “Located just 3 minutes from Rolleston centre, Beaumont Park itself is a really attractive, modern option.
With a population of 10,000 people, Rolleston is a fast-growing area – one of the fastest growing in New Zealand – and it’s very well serviced by local infrastructure, schools, amenities, and high quality residential communities like Beaumont Park. “Rolleston has also been acknowledged as being very good value for money, particularly when compared to the Preston, Wigram, Halswell and Prebbleton subdivisions.
There is a strong medium to long term prospect for social infrastructure services being built by Selwyn District Council, while local employment and economic growth at the nearby industrial Izone and inner ports makes the Beaumont Park development in Rolleston even more attractive. “We anticipate this positive growth trend to continue with our next release of the Beaumont Park development, which is on Bradbury Avenue, and due to receive its title around Christmas this year.” MacGibbon says ground works and infrastructure work for the final stages of Beaumont Park are set to commence in early September.
McConnell Property is delivering the infrastructure for Beaumont Park including roading, drainage and services, before homes are built. A total of 49 of the 96 Beaumont Park homes are now secured by title, and as the final stages are released, McConnell Property is expecting to see continued high demand from first home buyers and those looking to relocate.