Newshub can reveal that the Government not only failed to sell some KiwiBuilds to first home buyers – but it couldn’t even flog them off to Housing New Zealand (HNZ) as they didn’t fit design standards.
So the only impact has been taxpayers have paid money to property developers for houses no one wants.
There are currently 75 unsold KiwiBuild homes. Fifteen have been on the market for longer than six months.
So around 1/4 of their houses are unsold. remarkable incompetence.