Would you like to buy your Housing New Zealand house?
The government is offering state house tenants the option to buy the house they are living in. The dream of home ownership may be yours, without even having to call the movers. If you are not interested in buying your house, don’t worry, you can continue to rent off us. You are under no obligation to buy.
It is important to note that not all properties will be made available for sale.
If you are a tenant and interested in buying your house either:
call us on 0508 935 266 or
complete the form below:
How much will your house cost?
To buy, you will likely need to be able to borrow money from a lender. For this you may need to show:
a good credit history
that you are able to make home loan repayments
that you have a cash deposit to secure the home loan.
We can advise you of an estimated purchase price – be aware that this is only a guide and a proper valuation will still need to be made.
Once you have shown you can afford to purchase at the estimated value, Housing New Zealand will order & pay for a valuation from a registered valuer.
Your house will be sold at current market value.
When the sale price has been determined, we also recommend you obtain a builder’s inspection report on the house. This will cost approximately $400. You may also wish to talk to a lawyer to ask any legal questions you may have.
Other important costs to consider
There are other important costs you may have to consider when purchasing a home, such as:
Legal fees – at least $1,000
Lender’s mortgage insurance premium
Builders report – approximately $400
Loan application fee
Land Information Memorandum (LIM) from your local council office
There are also ongoing costs of home ownership to consider including:
Rates – at least $1,000 per year
House and contents insurance – total of at least $700 per year
Maintenance – this includes plumbing, painting, etc.
Your rent account with Housing New Zealand will need to be up to date by the time you purchase your home. This includes paying off any debt related to damages and income related rent.
Other ways we might be able to help
Housing New Zealand has several products that may help you into home ownership
FirstHome application form - This form is used to apply for a FirstHome grant if you are a Housing New Zealand tenant wishing to buy the house you are living in or to apply for approval to purchase a FirstHome property with a First Home grant.