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2<br />
[Edition datE] 15<br />
Your guide to Show Homes & New Sections<br />
in the <strong>Selwyn</strong> District<br />
Market favours<br />
first home buyers<br />
<strong>Selwyn</strong> has become popular with first<br />
and second home buyers with Rolleston<br />
ranking high as a favoured place to live.<br />
“There’s no stopping Rolleston’s progress<br />
especially now large businesses are<br />
investing in the area and there are more<br />
services and better roads into the city,”<br />
suggests Chris Flanagan from Matson &<br />
Allan Real Estate Ltd.<br />
“We’re finding second time home<br />
owners are also coming to <strong>Selwyn</strong>. They<br />
can sell an older home in the city which is<br />
in need of maintenance and buy twice as<br />
much land with a brand new home for the<br />
same money.”<br />
Affordable land and smaller sections<br />
have contributed to Rolleston’s appeal,<br />
especially for those starting on the<br />
property ladder. With land continually<br />
being developed and a good range of<br />
affordable housing product under the<br />
$550,000 new house HomeStart grant<br />
price cap, Rolleston ticks all the boxes for<br />
first home buyers and they have become<br />
one of the most active parts of the market.<br />
Evan Beker, co-owner and operator of<br />
Generation Homes Christchurch believes<br />
the current market conditions favour<br />
first home buyers. Many qualify for a<br />
HomeStart grant and are able to draw<br />
down their KiwiSaver funds.<br />
In the last five years, Generation Homes<br />
has built over 200 homes. Of these, over<br />
half have been for first home buyers. The<br />
company created an open plan community<br />
setting around 300-350sqm sections at<br />
Rolleston’s Devon Green. They are now<br />
working on a similar model in Branthwaite<br />
Estate, with more generous sized sections<br />
of 30 medium density lots around 430sqm<br />
and 20 larger sections of 550-650sqms<br />
allowing greater design options.<br />
According to Evan, even on a limited<br />
budget, first home buyers are discerning.<br />
They want on-trend and quality fittings<br />
along with some higher specified features<br />
like a glass splashback, a stylish kitchen<br />
sink tap, engineered stone bench top,<br />
freestanding bath or a tiled walk-in<br />
shower.<br />
“First home buyers are not looking<br />
for a box. They want a home they can<br />
personalise to meet their current and<br />
future needs. While generally busy people,<br />
they still want input and a structured,<br />
organised building experience with a<br />
company that will deliver on time,” says<br />
Evan.<br />
He says first home<br />
buyers need accurate<br />
information and often<br />
require a tailored<br />
build package so<br />
the Generation<br />
Homes’ team work<br />
with individual clients, guiding them<br />
through the process, even providing a<br />
list of brokers, banks and solicitors who<br />
understand the system surrounding the<br />
HomeStart Grant and KiwiSaver drawdown<br />
process.<br />
“Banks want assurance about money<br />
loaned, often preferring new home buyers<br />
to work with a housing company on a<br />
turnkey option, something which is also<br />
popular with many buyers as it provides<br />
certainty,” says Evan.<br />
First home<br />
buyers want<br />
some higherspec<br />
features.<br />
Small to medium sections are<br />
available at Branthwaite Estate.<br />
Generation Homes created an open plan<br />
community setting at Devon Green.
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