Kiwibuild houses unsold after four months

The Herald reports:

Six new affordable KiwiBuild houses in the expensive Wanaka market remain unsold despite being marketed since October for just $565,000 to $635,000 – around $100,000 cheaper than other similar places in the same area.
Homes are being advertised in the alpine settlement and its subdivision Northlake, being developed by private capital specialists Winton, trying to draw buyers: “Live the Wanaka lifestyle in an architecturally-designed and affordable KiwiBuild Home. View our first 10 KiwiBuild homes.” …

Clint Smith, a KiwiBuild spokesman said “as with all property sales, some of the time purchases don’t end up being completed” but for privacy reasons, he declined to say why sales did not go ahead.
The 10 homes were initially offered in a ballot but did not sell.

This suggests we should not just be looking at how many houses get built, but how many actually get sold and occupied by a first home buyer?

Four of the 10 were sold off the plans. One is occupied, two are complete and awaiting council sign off, and one is due for completion late in February.

So in fact only one out of ten occupied.

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